The Truth About Markets

Why Some Nations are Rich But Most Remain Poor


Publisher: Penguin Books Ltd


Language: English | Number of Pages: 496 | Format: Paperback

Isbn-10: 0140296727 | Isbn-13: 9780140296723 | Publish date:  | Edition New Ed

Also available as: Hardcover , eBook

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Book Description
Capitalism faltered at the end of the 1990s as corporations were rocked by fraud, the stock-market bubble burst and the American business model - unfettered self-interest, privatization and low tax - faced a storm of protest. But what are the alternatives to the mantras of market fundamentalism? Leading economist John Kay unravels the truth about markets, from Wall Street to Switzerland, from Russia to Mumbai, examining why some nations are rich and some poor, why 'one-size-fits-all' globalization hurts developing countries and why markets can work - but only in a humane social and cultural context. His answers offer a radical new blueprint for the future.