John Quiggin: ECONOMICS IN 2 LESSONS | Buch

Cover: 9780691154947 | ECONOMICS IN 2 LESSONS | John Quiggin | Buch | Gebunden | Englisch

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Sprache: Englisch

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Beschreibung

Since 1946, Henry Hazlitt's bestselling Economics in One Lesson has popularized the belief that economics can be boiled down to one simple lesson: market prices represent the true cost of everything. But one-lesson economics tells only half the story. It can explain why markets often work so well, but it can't explain why they often fail so badly--or what we should do when they stumble. As Nobel Prize-winning economist Paul Samuelson quipped, "When someone preaches ¿Economics in one lesson,' I advise: Go back for the second lesson." In Economics in Two Lessons, John Quiggin teaches both lessons, offering a masterful introduction to the key ideas behind the successes--and failures--of free markets. Economics in Two Lessons explains why market prices often fail to reflect the full cost of our choices to society as a whole. For example, every time we drive a car, fly in a plane, or flick a light switch, we contribute to global warming. But, in the absence of a price on carbon emissions, the costs of our actions are borne by everyone else. In such cases, government action is needed to achieve better outcomes. Two-lesson economics means giving up the dogmatism of laissez-faire as well as the reflexive assumption that any economic problem can be solved by government action, since the right answer often involves a mixture of market forces and government policy. But the payoff is huge: understanding how markets actually work--and what to do when they don't.

Erscheinungsjahr:	2019
Medium:	Buch
Inhalt:	Gebunden
ISBN-13:	9780691154947
ISBN-10:	0691154945
Sprache:	Englisch
Einband:	Gebunden
Autor:	Quiggin, John
Hersteller:	Princeton Univers. Press
Verantwortliche Person für die EU:	preigu, Ansas Meyer, Lengericher Landstr. 19, D-49078 Osnabrück, mail@preigu.de
Abbildungen:	6 b&w illus./ 4 tables
Maße:	227 x 151 x 32 mm
Von/Mit:	John Quiggin
Erscheinungsdatum:	23.04.2019
Gewicht:	0,68 kg

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