The Tyranny of the Market : Why You Can't Always Get What You Want /
Waldfogel, Joel
The Tyranny of the Market : Why You Can't Always Get What You Want / Joel Waldfogel. - 1 online resource (216 p.)
Frontmatter -- Contents -- Preface -- Introduction -- PART ONE. THEORY -- PART TWO. EMPIRICAL EVIDENCE -- PART THREE. MARKET SOLUTIONS AND THEIR LIMITS -- PART FOUR. POLICY SOLUTIONS AND THEIR LIMITS -- Conclusion -- Notes -- References -- Credits -- Index
restricted access http://purl.org/coar/access_right/c_16ec
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 its consequences for consumers with atypical preferences.
Mode of access: Internet via World Wide Web.
In English.
9780674025813 9780674044791
10.4159/9780674044791 doi
Consumers' preferences.
Free enterprise.
Majorities.
Social choice.
Supply and demand.
BUSINESS & ECONOMICS / Industries / General.
381
The Tyranny of the Market : Why You Can't Always Get What You Want / Joel Waldfogel. - 1 online resource (216 p.)
Frontmatter -- Contents -- Preface -- Introduction -- PART ONE. THEORY -- PART TWO. EMPIRICAL EVIDENCE -- PART THREE. MARKET SOLUTIONS AND THEIR LIMITS -- PART FOUR. POLICY SOLUTIONS AND THEIR LIMITS -- Conclusion -- Notes -- References -- Credits -- Index
restricted access http://purl.org/coar/access_right/c_16ec
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 its consequences for consumers with atypical preferences.
Mode of access: Internet via World Wide Web.
In English.
9780674025813 9780674044791
10.4159/9780674044791 doi
Consumers' preferences.
Free enterprise.
Majorities.
Social choice.
Supply and demand.
BUSINESS & ECONOMICS / Industries / General.
381