Why are financial markets and housing markets so prone to bubbles? Why doesn't rising prosperity make people happier? Why do many people contribute generously to charity but fail to save for their own retirement? What is the economic answer to global warming? These questions all involve behaviour that many would regard as irrational - and market outcomes that are far from ideal. Standard economics has been dominated by rational choice models, which regard the free market as a giant super-computer that magically coordinates ...
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Why are financial markets and housing markets so prone to bubbles? Why doesn't rising prosperity make people happier? Why do many people contribute generously to charity but fail to save for their own retirement? What is the economic answer to global warming? These questions all involve behaviour that many would regard as irrational - and market outcomes that are far from ideal. Standard economics has been dominated by rational choice models, which regard the free market as a giant super-computer that magically coordinates the activities of consumers and firms, to the benefit of all. Using fascinating new insights from behavioural economics, and vivid contemporary and historical examples, Cassidy shows how people's myopia, gullibility, copycat behaviour, overconfidence, loss aversion, and sense of altruism and fairness all help us understand the world in ways that rational choice economics does not. This is the book that both explains the current moment and explains past and future such moments. We will continue to get things wrong. But at least now we will be having the right conversation.
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Add this copy of How Markets Fail: the Logic of Economic Calamities to cart. $5.58, very good condition, Sold by ThriftBooks-Atlanta rated 5.0 out of 5 stars, ships from Brownstown, MI, UNITED STATES, published 2010 by Penguin Group.
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Add this copy of How Markets Fail: the Logic of Economic Calamities to cart. $16.83, good condition, Sold by Greener Books rated 4.0 out of 5 stars, ships from London, UNITED KINGDOM, published 2010 by Penguin.
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Good. **SHIPPED FROM UK** We believe you will be completely satisfied with our quick and reliable service. All orders are dispatched as swiftly as possible! Buy with confidence! Greener Books.
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This is an ex-library book and may have the usual library/used-book markings inside. This book has hardback covers. In good all round condition. No dust jacket. Library sticker on front cover. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 700grams, ISBN: 9781846143007.
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