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

1st Edition

Vivek Suneja

Routledge
Published November 23, 2000
Textbook - 304 Pages
ISBN 9780415238571 - CAT# RU21627
Series: Understanding Business

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Summary

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.

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