Understanding Business: Markets: A Multidimensional Approach to the Market Economy - Softcover

Softcover

ISBN 10: 0415238587 ISBN 13: 9780415238588

Publisher: Routledge, 2000

Synopsis

How do markets work? This reader introduces the student to the workings of the market, explaining both the reasons for its success and its shortcomings. Throughout, the text encourages a critical approach demonstrating the diversity of market economies. In particular it explores:

• the social nature of market economies
• the range of approaches to the study of the market: Marxist, Austrian, Keynesian and institutional economics are discussed as alternatives to the neo-classical mainstream
• the differences between Anglo-American, European and Asian economic models
• the historical development of markets
• globalisation: its extent and its impact
• the costs and the benefits of markets

With chapters by Will Hutton, John Gray and Eric Hobsbawm, this reader provides an excellent introduction.

About this title

Synopsis

How do markets work? Are there different types of market? Markets are central to business enterprise and to a wide range of social activities. Following the collapse of communism, the market economy was proclaimed as the one way forward, the major agent behind the end of history. This collection of readings introduces the student to the workings of the market, explaining both the reasons for its success and its shortcomings. Throughout the text encourages a critical approach by showing that there is more than one way of studying the market and by demonstrating the diversity of market economies. In particular, the book explores: * the social nature of market economies, arguing that the market is a socially constructed institution * the range of approaches to the study of the market:Marxist, Austrian, Keynesian and institutional economics are discussed as alternatives to the neo-classical mainstream * the diversity of market economies with an emphasis on the differences between Anglo-American, European and Asian economic models * the historical development of markets and the continuing impact this has * globalization:its extent and its impact * the costs and benefits of markets.

With chapters by Will Hutton, John Gray and Eric Hobsbawn, this reader provides an excellent introduction for undergraduate and postgraduate students of business (including MBA students) and for students of economics.

About the Author

The Open University Business School, UK

Edition details

• Publisher: Routledge
• Publication date: 2000
• Language: English
• ISBN 10: 0415238587
• ISBN 13: 9780415238588
• Binding: Paperback
• Edition number: 1
• Number of pages: 304
• Editor: Suneja Vivek