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Suspicions of markets = critical attacks from Aristotle to the twenty-first century /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Suspicions of markets/ by Donald Rutherford.
Reminder of title:	critical attacks from Aristotle to the twenty-first century /
Author:	Rutherford, Donald.
Published:	Cham :Springer International Publishing : : 2016.,
Description:	vi, 194 p. :ill., digital ; : 24 cm.;
Contained By:	Springer eBooks
Subject:	Economics - History. -
Online resource:	http://dx.doi.org/10.1007/978-3-319-40808-8
ISBN:	9783319408088

Suspicions of markets = critical attacks from Aristotle to the twenty-first century /
Rutherford, Donald.

Suspicions of marketscritical attacks from Aristotle to the twenty-first century /[electronic resource] :by Donald Rutherford. - Cham :Springer International Publishing :2016. - vi, 194 p. :ill., digital ;24 cm.

Chapter 1: Introduction -- Chapter 2: The case for markets -- Chapter 3: The start of the criticism: Aristotle -- Chapter 4: After the Greeks -- Chapter 5: Nineteenth century critics of the market -- Chapter 6: Later critics -- Chapter 7: An analysis of the principal criticisms -- Chapter 8: How to cope with flawed markets.

In this work, Rutherford reviews why Adam Smith, Hayek, Mises and others praised economic markets, with a view to understanding, in contrast, historical attacks on markets dating as far back as Aristotle. The market has long been criticized as an inappropriate method of allocation, encouraging market participants to misbehave for the sake of personal gain, and creating an impersonal new market culture. This book traces how such attacks have become more vociferous in recent centuries, especially with the rise of socialism. Most recently the critique has broadened to include toxic markets and the excessive marketization of activities hitherto external to the market. Analysing these major criticisms, as well as the value of regulation, utopias and virtue ethics as a means of avoiding future suspicions of markets, the author lays the groundwork for the reader's own assessment of the arguments, and concludes by posing suggestions of how best we might cope with flawed markets in the future.

ISBN: 9783319408088

Standard No.: 10.1007/978-3-319-40808-8doiSubjects--Topical Terms:

556640
Economics
--History.

LC Class. No.: HB75 / .R88 2016

Dewey Class. No.: 330.09

Suspicions of markets = critical attacks from Aristotle to the twenty-first century /
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520 $a In this work, Rutherford reviews why Adam Smith, Hayek, Mises and others praised economic markets, with a view to understanding, in contrast, historical attacks on markets dating as far back as Aristotle. The market has long been criticized as an inappropriate method of allocation, encouraging market participants to misbehave for the sake of personal gain, and creating an impersonal new market culture. This book traces how such attacks have become more vociferous in recent centuries, especially with the rise of socialism. Most recently the critique has broadened to include toxic markets and the excessive marketization of activities hitherto external to the market. Analysing these major criticisms, as well as the value of regulation, utopias and virtue ethics as a means of avoiding future suspicions of markets, the author lays the groundwork for the reader's own assessment of the arguments, and concludes by posing suggestions of how best we might cope with flawed markets in the future.
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