Recent years have seen the development of new theories of market failure based on asymmetric information and network effects. According to the new paradigm, we can expect substantial failure in the markets for labor, credit, insurance, software, new technologies and even used cars, to give but a...

"The Political Economy Reader advocates a particular approach to the study of political economy - the "market-institutional" perspective - which emphasizes the ways in which markets are embedded in political and social institutions. This perspective offers a compelling alternative to the...

Klappentext: "From Interwar Pluralism to Postwar Neoclassicism" seeks to change assumptions about American economics during the transformative period between the world wars. The twelve essays by respected economists and historians collected here take a precise look at the mechanisms that brought...