Suspicions of Markets

Critical Attacks from Aristotle to the Twenty-First Century

Business & Finance, Economics, Economic History
Cover of the book Suspicions of Markets by Donald Rutherford, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Donald Rutherford ISBN: 9783319408088
Publisher: Springer International Publishing Publication: October 6, 2016
Imprint: Palgrave Macmillan Language: English
Author: Donald Rutherford
ISBN: 9783319408088
Publisher: Springer International Publishing
Publication: October 6, 2016
Imprint: Palgrave Macmillan
Language: English

In this work, Rutherford reviews why Adam Smith, Hayek, Mises and others praised economic markets, with a view to understanding, in contrast, historical attacks on markets dating as far back as Aristotle. The market has long been criticized as an inappropriate method of allocation, encouraging market participants to misbehave for the sake of personal gain, and creating an impersonal new market culture. This book traces how such attacks have become more vociferous in recent centuries, especially with the rise of socialism. Most recently the critique has broadened to include toxic markets and the excessive marketization of activities hitherto external to the market. Analysing these major criticisms, as well as the value of regulation, utopias and virtue ethics as a means of avoiding future suspicions of markets, the author lays the groundwork for the reader’s own assessment of the arguments, and concludes by posing suggestions of how best we might cope with flawed markets in the future.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

In this work, Rutherford reviews why Adam Smith, Hayek, Mises and others praised economic markets, with a view to understanding, in contrast, historical attacks on markets dating as far back as Aristotle. The market has long been criticized as an inappropriate method of allocation, encouraging market participants to misbehave for the sake of personal gain, and creating an impersonal new market culture. This book traces how such attacks have become more vociferous in recent centuries, especially with the rise of socialism. Most recently the critique has broadened to include toxic markets and the excessive marketization of activities hitherto external to the market. Analysing these major criticisms, as well as the value of regulation, utopias and virtue ethics as a means of avoiding future suspicions of markets, the author lays the groundwork for the reader’s own assessment of the arguments, and concludes by posing suggestions of how best we might cope with flawed markets in the future.

More books from Springer International Publishing

Cover of the book Engineering Identities, Epistemologies and Values by Donald Rutherford
Cover of the book K-Best Decoders for 5G+ Wireless Communication by Donald Rutherford
Cover of the book Community Policing - A European Perspective by Donald Rutherford
Cover of the book Building Trust and Constructive Conflict Management in Organizations by Donald Rutherford
Cover of the book Microsimulation and Population Dynamics by Donald Rutherford
Cover of the book Reading Fluency by Donald Rutherford
Cover of the book Laser Interaction with Heterogeneous Biological Tissue by Donald Rutherford
Cover of the book Religious Cognition in China by Donald Rutherford
Cover of the book Non-equilibrium Evaporation and Condensation Processes by Donald Rutherford
Cover of the book Real-life Applications with Membrane Computing by Donald Rutherford
Cover of the book Pitfalls in Musculoskeletal Radiology by Donald Rutherford
Cover of the book National League Franchises: Team Performances Inspire Business Success by Donald Rutherford
Cover of the book Medical Toxicology: Antidotes and Anecdotes by Donald Rutherford
Cover of the book Digital Nations – Smart Cities, Innovation, and Sustainability by Donald Rutherford
Cover of the book Stem Cells in Modeling Human Genetic Diseases by Donald Rutherford
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy