ISBN: 9780243091478 - Functions and Needs of Our Great Markets (classic Reprint) (3 results)

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condition: New. Print on Demand. This book explores the functions and needs of markets across the world and throughout their history. Unlike national crop reporting systems, markets have international scope and consider production and supply in addition to demand. The book explains how markets have combined these factors to crystallize and determine commodity prices. The author argues that while markets serve a necessary purpose in setting prices, they have serious flaws in that their speculative trading does not accurately reflect actual conditions. Entities such as the Louisiana lottery exploit this flaw, and the markets' current speculative practices lead to economic consequences for the public. The book highlights the need for reform to preserve elements of the market that are beneficial while eliminating the excesses. Ultimately, the book asserts that in order to address these issues, more people need to become engaged with these institutions from both philosophical and practical standpoints. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…