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Understanding Business: Markets
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Understanding Business: Markets : A Multidimensional Approach to the Market Economy

Book Details

Format Hardback or Cased Book
ISBN-10 0415238579
ISBN-13 9780415238571
Publisher Taylor & Francis Ltd
Imprint Routledge
Country of Manufacture GB
Country of Publication GB
Publication Date Nov 23rd, 2000
Print length 304 Pages
Weight 844 grams
Ksh 34,200.00
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A critical introduction to the workings of the market, looking particularly at the diversity of market economies, their successes and shortcomings. Alternative approaches, including Marxist and Keynesian, are also discussed.

How do markets work? This reader introduces the student to the workings of the market, explaining both the reasons for its success and its shortcomings. Throughout, the text encourages a critical approach demonstrating the diversity of market economies. In particular it explores:

  • the social nature of market economies
  • the range of approaches to the study of the market: Marxist, Austrian, Keynesian and institutional economics are discussed as alternatives to the neo-classical mainstream
  • the differences between Anglo-American, European and Asian economic models
  • the historical development of markets
  • globalisation: its extent and its impact
  • the costs and the benefits of markets

With chapters by Will Hutton, John Gray and Eric Hobsbawm, this reader provides an excellent introduction.


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