How Markets Work
Book description
In the last hundred years or so, the neo-classical school has come to dominate microeconomic thinking. Economists concerned with competition have taken refuge in increasingly complex models which emphasize the end-state of competitive equilibrium. This paper presents, in non-technical terms, an 'Austrian' view of how a market economy works. The…
Why read it?
1 author picked How Markets Work as one of their favorite books. Why do they recommend it?
At New York University, I attended the Austrian Colloquium every week. I learned more about economics listening to Dr. Kirzner talk for 5 minutes than I did in any 2-hour class. Austrian economics is about human action – not unlike what you’ll find in The Economic Way of Thinking. The US stock market today seems to be drifting further and further away from Kirzner’s definition of a market: “Disequilibrium prices generate direct disappointment of plans… Such disappointment can be expected to alert entrepreneurs to the true temper of the market” and result in price discovery. Market makers and…
From Susanne's list on stock market plumbing.
If you love How Markets Work...
The Coaching Habit
The coaching book that's for all of us, not just coaches.
It's the best-selling book on coaching this century, with 15k+ online reviews. Brené Brown calls it "a classic". Dan Pink said it was "essential".
It is practical, funny, and short, and "unweirds" coaching. Whether you're a parent, a teacher,…
Want books like How Markets Work?
Our community of 12,000+ authors has personally recommended 54 books like How Markets Work.
Share your top 3 reads of 2024!
And get a beautiful page showing off your 3 favorite reads.
1,592
readers submitted
so far, will you?
