The tyranny of the market : why you can't always get what you want /
Waldfogel, Joel, 1962-
The tyranny of the market : why you can't always get what you want / Joel Waldfogel. - ix, 204 p.
Includes bibliographical references and index.
Markets and the Tyranny of the Majority -- Are "Lumpy" Markets a Problem? -- Who Benefits Whom in Practice -- Who Benefits Whom in the Neighborhood -- Preference Minorities as Citizens and Consumers -- Market Enlargement and Consumer Liberation -- Fixed Costs, Product Quality, and Market Size -- Trade and the Tyranny of Alien Majorities -- Salvation through New Technologies -- Government Subsidies and Insufficient Demand -- Books and Liquor: Two Case Studies. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
"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 the consequences for consumers with atypical preferences."--BOOK JACKET.
9780674025813 (alk. paper) 0674025814 (alk. paper)
2007000531
Consumers' preferences
Majorities
Supply and demand
Social choice
Free enterprise
HF5415.32 / .W35 2007
381
The tyranny of the market : why you can't always get what you want / Joel Waldfogel. - ix, 204 p.
Includes bibliographical references and index.
Markets and the Tyranny of the Majority -- Are "Lumpy" Markets a Problem? -- Who Benefits Whom in Practice -- Who Benefits Whom in the Neighborhood -- Preference Minorities as Citizens and Consumers -- Market Enlargement and Consumer Liberation -- Fixed Costs, Product Quality, and Market Size -- Trade and the Tyranny of Alien Majorities -- Salvation through New Technologies -- Government Subsidies and Insufficient Demand -- Books and Liquor: Two Case Studies. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
"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 the consequences for consumers with atypical preferences."--BOOK JACKET.
9780674025813 (alk. paper) 0674025814 (alk. paper)
2007000531
Consumers' preferences
Majorities
Supply and demand
Social choice
Free enterprise
HF5415.32 / .W35 2007
381