The natural instability of markets
expectations, increasing returns, and the collapse of capitalism
by Michael Perelman
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In the rush to open societies to the benefits of competition, economists have overlooked the fundamental instability of competitive markets - what had seemed to be an invincible capitalist juggernaut may be reaching its apotheosis. Michael Perelman argues that capitalism's victory is temporary, based as it is on an unrealistic understanding of the system's inherent risks.
He analyzes the nature and causes of crisis within a market society and along the way, he reexamines one of capitalism's most primary and unquestioned tenets - the more competition there is, the better off society will be. This accessible book, garnished with plenty of examples and anecdotes, is an open-minded injection of common sense into the understanding of a capitalist society.
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| Edition | Availability |
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1
The natural instability of markets: expectations, increasing returns, and the collapse of capitalism
1999, St. Martin's Press
in English
- 1st ed.
0312221215 9780312221218
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2
The Natural Instability of Markets: Expectations, Increasing Returns, and the Collapse of Capitalism
Jun 30, 1999, Palgrave Macmillan; 1st edition (1999-06-12), Palgrave Macmillan
hardcover
0333775325 9780333775325
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Includes bibliographical references (p. [167]-182) and index.
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- Created April 1, 2008
- 16 revisions
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| July 16, 2024 | Edited by MARC Bot | import existing book |
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