The Tyranny of the Market : : Why You Can't Always Get What You Want / / Joel Waldfogel.

Economists have long counseled reliance on markets rather than on government to decide a wide range of questions, in part because allocation through voting can give rise to a "tyranny of the majority." Markets, by contrast, are believed to make products available to suit any individual, re...

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Superior document:Title is part of eBook package: De Gruyter HUP eBook-Package Backlist 2000-2013 (Canada)
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Place / Publishing House:Cambridge, MA : : Harvard University Press, , [2009]
©2007
Year of Publication:2009
Language:English
Online Access:
Physical Description:1 online resource (216 p.)
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Other title:Frontmatter --
Contents --
Preface --
Introduction --
PART ONE. THEORY --
PART TWO. EMPIRICAL EVIDENCE --
PART THREE. MARKET SOLUTIONS AND THEIR LIMITS --
PART FOUR. POLICY SOLUTIONS AND THEIR LIMITS --
Conclusion --
Notes --
References --
Credits --
Index
Summary:Economists have long counseled reliance on markets rather than on government to decide a wide range of questions, in part because allocation through voting can give rise to a "tyranny of the majority." Markets, by contrast, are believed to make products available to suit any individual, regardless of what others want. But the argument is not generally correct. In markets, you can't always get what you want. This book explores why this is so and its consequences for consumers with atypical preferences.
Format:Mode of access: Internet via World Wide Web.
ISBN:9780674044791
9783110756067
9783110442205
DOI:10.4159/9780674044791
Access:restricted access
Hierarchical level:Monograph
Statement of Responsibility: Joel Waldfogel.