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The invisible hand? : How market economies have emerged and declined since AD 500

Author: Bas van Bavel
Publisher: Oxford : Oxford University Press, 2016
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
The Invisible Hand offers a radical departure from the conventional wisdom of economists and economic historians, by showing that 'factor markets' and the economies dominated by them - the market economies - are not modern, but have existed at various times in the past. They rise, stagnate, and decline; and consist of very different combinations of institutions embedded in very different societies. These market  Read more...
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Genre/Form: History
Document Type: Book
All Authors / Contributors: Bas van Bavel
ISBN: 9780199608133 019960813X
OCLC Number: 958451478
Description: 330 s

Abstract:

Bas van Bavel offers a panoramic view of over 1000 years of history to understand why market economies are fundamentally incompatible with long-run prosperity, equity, and broad participation in  Read more...

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any social scientist interested in "big think" questions will benefit greatly from reading The Invisible Hand? While it presents only a piece of the "great divergence" puzzle, it is an understudied Read more...

 
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