The tyranny of the market : why you can't always get what you want / Joel Waldfogel.

By:

Waldfogel, Joel, 1962-

Material type: Text

TextPublisher: Cambridge, Mass. : Harvard University Press, c2007Description: ix, 204 pISBN:

9780674025813 (alk. paper)
0674025814 (alk. paper)

Subject(s):

DDC classification:

381 22

LOC classification:

HF5415.32 .W35 2007

Contents:

1. Markets and the Tyranny of the Majority -- 2. Are "Lumpy" Markets a Problem? -- 3. Who Benefits Whom in Practice -- 4. Who Benefits Whom in the Neighborhood -- 5. Preference Minorities as Citizens and Consumers -- 6. Market Enlargement and Consumer Liberation -- 7. Fixed Costs, Product Quality, and Market Size -- 8. Trade and the Tyranny of Alien Majorities -- 9. Salvation through New Technologies -- 10. Government Subsidies and Insufficient Demand -- 11. Books and Liquor: Two Case Studies.

Review: "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.

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Holdings
Item type	Current library	Call number	Copy number	Status	Date due	Barcode
Book	City Campus City Campus Main Collection	381 WAL (Browse shelf(Opens below))	1	Available		A424077B

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Previous								Next
Previous	381 CAS How markets fail : the logic of economic calamities /	381 DO Do economists make markets? : on the performativity of economics /	381 MIR Phone clones : authenticity work in the transnational service economy /	381 WAL The tyranny of the market : why you can't always get what you want /	381.01513 MER Merchandising mathematics for retailing /	381.0604 GOV Governing interests : business associations facing internationalization /	381.060932 GAR Auckland's voice of business : a history of the Auckland Chamber of Commerce, 1856-2006 /	Next

Includes bibliographical references and index.

"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.

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