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The Market System
In this work a political scientist seeks to offer a jargon-free introduction to the market system, for all readers with or without a background in economics. He assesses the character, rules, advantages and shortcomings of the institution co-ordinating modern economic and social life.
Paperback, 308 pages
Published August 11th 2002 by Yale University Press
(first published March 1st 2001)
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While I have not finished just yet, I think this book would be good as an introductory text. There is no doubt that "market fetishism" is a serious problem and for many Lindblom will be palatable because he begins by extolling and marveling at the level of "social coordination" that the market brings to society. I'm sure people will also get the impression that we be reduced to the state of barbarians without the markets in his more transhistorical sense, but Lindblom is careful in avoiding this ...more
I was surprised; I expected it to be a one-sided polemics, but mostly it freely acknowledged the market system's weaknesses. On the whole, very fair-handed. The last chapter was terrible and betrayed great failure of imagination--even the imagination to imagine that there were things that the author had failed to imagine. It also focused too much on the narrow choice "market system or something else" rather than a meaningful choice more in line with the author's point of view, something along th ...more
Scholarly and yet utterly accessible and readable, Lindblom has written herein a thoroughly enlightening analysis of the market structure that underlies our globalized economies—indeed, it's a book that, ideally, every citizen should read and thusly assist herself in paring away the tendentious cant plastered about by all sides from similarly globalized soapboxes.
This book helped me a lot in finding the theories for my thesis. Those who concern with economy-politics study, this might be one of the book you should read. Lindblom clearly explain the market system esp the capitalist regime both in the developed countries and developing countries.