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The Natural Instability of Markets. Expectations, Increasing Returns, and the Collapse of Capitalism.
Michael Perelman
€ 66.52
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Description for The Natural Instability of Markets. Expectations, Increasing Returns, and the Collapse of Capitalism.
Hardback. BIC Classification: KCA. Dimension: 235 x 155. Weight in Grams: 388.
As Socialist states struggle to transform themselves into market economies and the United States privatizes everything from schooling to policing, the current crises in Russia and East Asia suggest that something might be amiss. 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. A close look at market economies is more timely and crucial than ever. Michael Perelman argues that capitalism's victory is temporary, based as it is on an unrealistic understanding of the system's ... Read more
As Socialist states struggle to transform themselves into market economies and the United States privatizes everything from schooling to policing, the current crises in Russia and East Asia suggest that something might be amiss. 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. A close look at market economies is more timely and crucial than ever. Michael Perelman argues that capitalism's victory is temporary, based as it is on an unrealistic understanding of the system's ... Read more
Product Details
Format
Hardback
Publication date
1999
Publisher
Palgrave Macmillan US
Language
English
Condition
New
Number of Pages
188
Place of Publication
Gordonsville, United States
ISBN
9780312221218
SKU
V9780312221218
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Michael Perelman
MICHAEL PERELMAN is Professor of Economics at California State University, Chico.
Reviews for The Natural Instability of Markets. Expectations, Increasing Returns, and the Collapse of Capitalism.
"His message is an important and well-reasoned one...a book that deserves a wide audience." - Review of Political Economy