{"product_id":"free-market-economics-paperback-softback-9781557860668","title":"Free Market Economics (Paperback \/ softback) 9781557860668","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eFree Market Economics\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cfont size=\"4\"\u003eAndrew Schotter (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781557860668, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 24 May 1990\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e196 pages\u003cbr\u003e21.6 x 14.1 x 1.1 cm, 0.255 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThis book is an account of one of the central issues in economics, namely the potential of the free market system to solve social and economic problems. It explains the basic assumptions of the free market argument, examines their historical development, presents the standard criticisms of them and demonstrates how they can lead to social outcomes unacceptable to a consistent free market advocate. The author argues that while markets do work in many situations, they are not panaceas, and for some problems, non-market institutions organized and co-ordinated by the state are essential.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface to Second Edition vii \u003cp\u003ePreface to First Edition xi\u003c\/p\u003e \u003cp\u003e1 The Free Market Argument 1\u003c\/p\u003e \u003cp\u003e2 Standard Criticisms of the Free Market Argument 17\u003c\/p\u003e \u003cp\u003e3 Why Are Free Markets So Good? 39\u003c\/p\u003e \u003cp\u003e4 Rationality and Market Failure 47\u003c\/p\u003e \u003cp\u003e5 Free Market Policy Prescriptions 65\u003c\/p\u003e \u003cp\u003e6 Free Market Assumptions: Some Experimental Evidence 89\u003c\/p\u003e \u003cp\u003e7 Blame-Free Justice 121\u003c\/p\u003e \u003cp\u003e8 Rational Expectations and Newcomb's Problem 133\u003c\/p\u003e \u003cp\u003e9 Why Is the American Free Market System So Stable? 151\u003c\/p\u003e \u003cp\u003e10 Conclusion 163\u003c\/p\u003e \u003cp\u003eGlossary 165\u003c\/p\u003e \u003cp\u003eBibliography 169\u003c\/p\u003e \u003cp\u003eIndex 175\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Economics [\u003ca title=\"See our other books on Economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economics%20%5BKC%5D%22\"\u003eKC\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley-Blackwell","offers":[{"title":"Brand New","offer_id":52441820528920,"sku":"9781557860668","price":45.29,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781557860668.jpg?v=1785027364","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/free-market-economics-paperback-softback-9781557860668","provider":"Freshly Printed Books","version":"1.0","type":"link"}