The Inner Lives of Markets

The Inner Lives of Markets
Author :
Publisher : PublicAffairs
Total Pages : 224
Release :
ISBN-10 : 9781610394932
ISBN-13 : 1610394933
Rating : 4/5 (933 Downloads)

Book Synopsis The Inner Lives of Markets by : Ray Fisman

Download or read book The Inner Lives of Markets written by Ray Fisman and published by PublicAffairs. This book was released on 2016-06-07 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is a market? To most people it is a shopping center or an abstract space in which stock prices vary minutely. In reality, a market is something much more fundamental to being human, and it affects not just the price of tomatoes but the boundaries of everything we value. Reading the newspapers these days, you could be forgiven for thinking that markets are getting ever more efficient—and better. But as Tim Sullivan and Ray Fisman argue in this insightful book, that view is far from complete. For one thing, efficiency isn't always a good thing—illegal markets are very often more efficient than legal ones, because they are free of concern for laws and human rights. But even more importantly, the chatter about efficiency has obscured a much broader conversation about what kind of economic exchange we actually want. Every regulation, every sticker price, and every sale is part of an ever-changing ecosystem—one that affects us as much as we affect it. By tracing 50 years of economic thought on this subject, Fisman and Sullivan show how markets have evolved—and how we can keep making them better. This leads to fascinating and surprising insights, such as: Why your $10,000 used car is likely to sell for $2,000 or less; Why you should think twice before buying batteries on Amazon; and Why it's essential that healthy people buy medical insurance. In the end, The Inner Lives of Markets argues for a new way of thinking about how you spend your money—it shows that every transaction you make is part of a grand social experiment. We are all guinea pigs running through a lab maze, and the sooner we realize it, the more effectively we can navigate the path we want.


The Inner Lives of Markets Related Books

The Inner Lives of Markets
Language: en
Pages: 224
Authors: Ray Fisman
Categories: Business & Economics
Type: BOOK - Published: 2016-06-07 - Publisher: PublicAffairs

DOWNLOAD EBOOK

What is a market? To most people it is a shopping center or an abstract space in which stock prices vary minutely. In reality, a market is something much more f
The Inner Lives of Markets
Language: en
Pages: 0
Authors: Raymond Fisman
Categories: Consumer behavior
Type: BOOK - Published: 2016 - Publisher:

DOWNLOAD EBOOK

What is a market? To most people it is a shopping center or an abstract space in which stock prices vary minutely. In reality, a market is something much more f
Life in the Financial Markets
Language: en
Pages: 325
Authors: Daniel Lacalle
Categories: Business & Economics
Type: BOOK - Published: 2015-01-12 - Publisher: John Wiley & Sons

DOWNLOAD EBOOK

An accessible and thorough review of the international financial markets Life in the Financial Markets—How They Really Work And Why They Matter To You offers
The Inner Game of Trading
Language: en
Pages: 0
Authors: Robert Koppel
Categories: Business & Economics
Type: BOOK - Published: 1997 - Publisher: Creating the Winner's State of

DOWNLOAD EBOOK

Putting money at risk in the markets exposes every trader to fear, greed and a host of other destructive emotions. For the first time ever in paperback, The Inn
The Inner Life of Empires
Language: en
Pages: 496
Authors: Emma Rothschild
Categories: History
Type: BOOK - Published: 2012-11-25 - Publisher: Princeton University Press

DOWNLOAD EBOOK

The birth of the modern world as told through the remarkable story of one eighteenth-century family They were abolitionists, speculators, slave owners, governme