- Hardcover: 224 pages
- Publisher: PublicAffairs; 1 edition (7 June 2016)
- Language: English
- ISBN-10: 1610394925
- ISBN-13: 978-1610394925
- Product Dimensions: 16.5 x 2.2 x 24.5 cm
- Average Customer Review: Be the first to review this item
- Amazon Bestsellers Rank: #2,73,219 in Books (See Top 100 in Books)
The Inner Lives of Markets Hardcover – 7 Jun 2016
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Description for The Inner Lives of Markets
Bright, accessible A thoughtful examination of the mechanics of our one-click world.” Kirkus Reviews
This book is essential reading for any non-economist who wants to understand how markets shape our world, including transformational marketplaces like Amazon, Airbnb, and eBay.” Reid Hoffman, chairman of LinkedIn
With great clarity and with many vivid examples, The Inner Lives of Markets explains how the postWorld War II worldly philosophers (i.e., economists) have reconceived the workings of our economic system. That reconception takes us far from the black and white of Adam Smith and Karl Marx; yet more interestingly, it is in many shades of gray.” George Akerlof, Nobel Laureate in Economics
An entertaining, insightful work of economic history that shows why humans need markets-even in unexpected places, like POW camps and organized crime rings-and how they secretly shape who we are.See all Description for The Inner Lives of Markets
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Most helpful customer reviews on Amazon.com
While I’m not an economist (MSc in Industrial Engineer and MBA), I did study some economics, and within my long reading lists I always include some books on economics (particularly behavioral economics), and many of the non-fiction bestsellers I read do touch on economics very frequently. Against this backdrop, there were a few things that I particularly loved about this book:
First, the historical accounts are superb, both regarding their unexpected originality (starting with the fascinating tale on the economic organization of POW camps) and beautiful narrative.
Second, I did learn a lot about topics which are so close to our daily lives and so prevalent in today’s markets, but about which I realized I was quite clueless. This includes the brilliant description of the evolution of auctions, and the economics of platforms which represent so much (and each day much more) of our personal transactions.
Finally, as someone who has seen it all across the 42 countries I frequently visit, I truly loved the authors' so balanced view between the extremists for and against absolutely free markets. This is an extremely relevant issue these days in the whole world, from developed to emerging markets, and I wish everyone were exposed to their so sensible perspective.