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The Tyranny of the Market: Why You Can't Always Get What You Want

3.2  ·  Rating details ·  20 Ratings  ·  3 Reviews
Economists have long counseled reliance on markets rather than on government to decide a wide range of questions, in part because allocation through voting can give rise to a "tyranny of the majority." Markets, by contrast, are believed to make products available to suit any individual, regardless of what others want. But the argument is not generally correct. In markets, ...more
Hardcover, 204 pages
Published September 1st 2007 by Harvard University Press (first published 2007)
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Lodyk Vovchak
Книжка могла би бути меншою за обсягом. Трохи набридлива манера, притаманна англомовній не вигаданій літературі, повторювати думку по 20-30 разів. Таким чином чотири чи п'ять основних тез можна розтягнути на велику книжку, яку читаєш просто щоб закінчити почате і не пропустити нічого.

Загалом книжка корисна для розуміння ролі вільних ринків і урядового втручання для добробуту суспільства. Особливо чітко це видно в останніх розділах, які, повторюсь як англомовні письменники жанру не вигаданої літе
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Wm
Oct 04, 2007 rated it really liked it
I'm no economist so I don't know where the gaps are. But from what I can tell it definitely deserves four stars. What Waldfogel does is to use data as well as some simple illustrative theoretical examples to show how the "tyranny of the majority" can operate in markets just like it can operate in democracy. Which means there is no magical absolute of the markets being able to sort everything out --or-- the government can sort everything out.

To quote from the very end:

"The correct balance betwee
...more
Mike
Jul 31, 2009 rated it liked it
Not bad at all, but somewhat longer than is necessary to get the idea across.
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