The market system : what it is, how it works, and what to make of it / Charles E. Lindblom.

Format:

Book

Author/Creator:

Lindblom, Charles E., 1917-2018.

Series:

Yale ISPS series.

Yale ISPS series

Language:

English

Subjects (All):

Capitalism.

Physical Description:

1 online resource (304 p.)

Edition:

1st ed.

Place of Publication:

New Haven : Yale University Press, c2001.

Language Note:

English

Summary:

In the wake of the collapse of communism, we hear much about the victory of the market system. Just what is the market system? This clear and accessible book begins by answering this question, then goes on to explain how the market system works and what it can and cannot do. Charles E. Lindblom, writing in nontechnical language for a wide general audience, offers an evenhanded view of the market system. His analysis of the great questions that surround the market system is sometimes unexpected, always illuminating: Is the market system efficient? Is it democratic? Does it despoil the environment? Does it perpetuate inequalities? Does it debase personality and culture?Big choices are yet to be made about the future of the market system, observes Lindblom. He outlines what these choices are and how they will affect not only our economic well-being but also our social and political lives. For market systems organize or coordinate more than just the flow of commodities, he shows. They influence human behavior in all its dimensions.

Contents:

Intro

Contents

1. Market System Ascendant

Part One: How It Works

2. Society's Coordination

3. Market-System Coordination

4. Bones Beneath Flesh

5. Enterprise and Corporation

6. Maximum Reach

7. Chosen Domain

Part Two: What To Make of It

8. Quid Pro Quo

9. What Efficiency Requires

10. Market-System Efficiency

11. Inefficiences

12. Too Little, Too Late

13. Freedom?

14. Personality and Culture

15. Persuading the Masses

16. Necessary to Democracy?

17. Enterprise Obstructions to Democracy

Part Three: Thinking About Choices

18. Alternative Market Systems

19. An Alternative to the Market System?

Notes

Index.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references (p. 279-290) and index.

ISBN:

1-281-72941-8

9786611729417

0-300-12908-4

OCLC:

923591556