Culture and prosperity : the truth about markets : why some nations are rich but most remain poor /

Kay, J. A.

Culture and prosperity : the truth about markets : why some nations are rich but most remain poor / Truth about markets John Kay. - viii, 420 pages : illustrations, map ; 24 cm

Revised edition of: The truth about markets. 2003.

Includes bibliographical references (pages 365-410) and index.

A postcard from France -- The triumph of the market -- People -- Figures -- How rich states became rich -- Transactions and rules -- Production and exchange -- Assignment -- Central planning -- Pluralism -- Spontaneous order -- Competitive markets -- Markets in risk -- Markets in money -- General equilibrium -- Efficiency -- Neoclassical economics and after -- Rationality and adaptation -- Information -- Risk in reality -- Cooperation -- Coordination -- The knowledge economy -- Poor states stay poor -- Who gets what? -- Places -- The American business model -- The future of economics -- The future of capitalism -- Nobel Prizes in economics. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. App.

"After a decade of successive market revolutions around the world, beginning with the collapse of the Berlin Wall and continuing in countries as diverse as Argentina and New Zealand, the effectiveness of the market economy as a route to prosperity and growth is not in question, but a more sophisticated appreciation of the strengths and limits of markets is urgently required." "In this analysis of the nature and evolution of the market economy, John Kay attacks the oversimplified account of its operation, contained in the American business model and favored by politicians and business people. He even questions whether it offers an accurate description of the success of the American economy itself." "Culture and Prosperity examines every assumption we have about economic life. Taking the reader from the shores of Lake Zurich to the streets of Mumbai, from the flower market of San Remo to the sales rooms at Christie's, John Kay reveals the connection between a nation's social, political, and cultural context and its economic performance."--BOOK JACKET.

0060587059 9780060587055

2003056911


Free enterprise
Capitalism.
Economic policy
Economic development.
Culture.

HB95 / .K29 2004

330.122

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