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The tyranny of the market : why you can't always get what you want

Author: Joel Waldfogel
Publisher: Cambridge, Mass. : Harvard University Press, 2007.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"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, you can't always get what you want. This  Read more...
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Additional Physical Format: Online version:
Waldfogel, Joel, 1962-
Tyranny of the market.
Cambridge, Mass. : Harvard University Press, 2007
(OCoLC)651704808
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Joel Waldfogel
ISBN: 9780674025813 0674025814
OCLC Number: 77716813
Description: ix, 204 pages : illustrations ; 22 cm
Contents: Theory --
Markets and the tyranny of the majority --
Are "lumpy" markets a problem? --
Empirical evidence --
Who benefits whom in practice --
Who benefits whom in the neighborhood --
Preference minorities as citizens and consumers --
Market solutions and their limits --
Market enlargement and consumer liberation --
Fixed costs, product quality, and market size --
Trade and the tyranny of alien majorities --
Salvation through new technologies --
Policy solutions and their limits --
Government subsidies and insufficient demand --
Books and liquor: two case studies.
Responsibility: Joel Waldfogel.
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Abstract:

Economists have 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."  Read more...

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Joel Waldfogel takes up the mythology of the market responding to our wants and desires, and shows how it often leaves out many people who are unable to get very much of what they want...This book Read more...

 
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