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The Resource The inner lives of markets : how people shape them--and they shape us, Ray Fisman and Tim Sullivan

The inner lives of markets : how people shape them--and they shape us, Ray Fisman and Tim Sullivan

Creator
Author
Contributor
Summary
"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"--
Language
eng
Work
Publication
Edition
First edition.
Extent
x, 206 pages
Isbn
9781610394925
Instance
Label
The inner lives of markets : how people shape them--and they shape us
Title
The inner lives of markets
Title remainder
how people shape them--and they shape us
Statement of responsibility
Ray Fisman and Tim Sullivan
Creator
Contributor
Author
Subject
Language
eng
Summary
"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"--
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Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Fisman, Raymond
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorDate
1970-
http://library.link/vocab/relatedWorkOrContributorName
Sullivan, Tim
http://library.link/vocab/subjectName
  • Economics
  • Free enterprise
  • Markets
  • Consumer behavior
  • Consumer behavior
  • Economics
  • Free enterprise
  • Markets
Label
The inner lives of markets : how people shape them--and they shape us, Ray Fisman and Tim Sullivan
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
ocn920018187
Dimensions
25 cm
Edition
First edition.
Extent
x, 206 pages
Isbn
9781610394925
Lccn
2016001296
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Label
The inner lives of markets : how people shape them--and they shape us, Ray Fisman and Tim Sullivan
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
ocn920018187
Dimensions
25 cm
Edition
First edition.
Extent
x, 206 pages
Isbn
9781610394925
Lccn
2016001296
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n

Subject

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