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Clear, insightful, and nondogmatic, this book gives us a new appreciation for one of our most ubiquitous institutions. From the wild swings of the stock market to the online auctions of eBay to the unexpected twists of the world's post-Communist economies, markets have suddenly become quite visible. We now have occasion to ask, "What makes these institutions work?
How important are they? How can we improve them? Eschewing ideology, he shows us that markets are neither magical nor immoral. Rather, they are powerful if imperfect tools, the best we've found for improving our living standards. A wide-ranging, illuminating history of that old, colorful, and sometimes disgraceful institution known as the marketplace: exotic, innovative, and everyday; on terra firma and in cyberspace; bazaar When I picked up this book, I thought it was going to be a more social science-oriented view of markets.
The title calls itself a 'Natural History of Markets'. Instead, the book is very much a John McMillan — was the Jonathan B. John McMillan. Triumphs of Intelligence. He Who Cant Pay Dies. Information Wants to Be Free. Honesty Is the Best Policy. To the Best Bidder. When You Work for Yourself. Grassroots Effort. Managers of Other Peoples Money. A New Era of Competition.
Coming Up for Air. Antipoverty Warriors. Market Imperatives. The Embarrassment of a Patent. No Man Is an Island. A Conspiracy against the Public. The Only Natural Economy. Come Bid.
REINVENTING THE BAZAAR
Felicitous economics? Hard to believe, but McMillan's prose resembles single malt, going down easy as it stimulates A wide-ranging, illuminating history of that old, colorful, and sometimes disgraceful institution known as the marketplace: exotic, innovative, and everyday; on terra firma and in cyberspace; bazaar to eBay. Graduate School of Business , are those that develop from the bottom up over time through trial and error, always restless and reshaping themselves with creativity and flexibility. Shortcutting the process rarely works. Unlike free-market zealots, he appreciates that markets are imperfect and can even be disastrous. A well-designed competitive market puts resources into the hands of those who can best use them.
Reinventing the Bazaar: A Natural History of Markets
Seven million roses. Three million tulips and three million chrysanthemums. Welcome to the Dutch village of Aalsameer, the world's largest flower market. Aalsameer is the first stop on a breathless tour of world markets led by McMillan, an economist at Stanford University.
Book Report : REINVENTING THE BAZAAR:The Natural History of Markets.