Reinventing the Bazaar: A Natural History of Markets (Paperback)

Kirkus Reviews
"McMillan's prose resembles single malt, going down easy as it stimulates."

Kenneth J. Arrow, 1972 Nobel Prize winner in Economics
"McMillan's rich knowledge of ... current economic theory and ... economies in transition is well embodied in this ... sophisticated survey."

Reed E. Hundt, former chairman of the Federal Communications Commission
"Required reading for anyone who wants to understand the "magic" of markets... Lucidly explained, brilliantly analyzed, and delightfully explored."

Hal R. Varian, author of Information Rules: A Strategic Guide to the Network Economy
"Lively [and] instructive... A colorful and authoritative look at how markets work and don't work in today's economy."

Review
McMillan's rich knowledge of ... current economic theory and ... economies in transition is well embodied in this ... sophisticated survey. -Kenneth J. Arrow, 1972 Nobel Prize winner in Economics -- Kenneth J. Arrow

Maggie McDonald, New Scientist
"[McMillan] sets out to show that markets are an inevitable and desirable part of life... An engrossing read."

Hal R. Varian, author of Information Rules: A Strategic Guide to the Network Economy
Lively [and] instructive... A colorful and authoritative look at how markets work and don't work in today's economy.

Reed E. Hundt, former chairman of the Federal Communications Commission
Required reading for anyone who wants to understand the "magic" of markets... Lucidly explained, brilliantly analyzed, and delightfully explored.

Kenneth J. Arrow, 1972 Nobel Prize winner in Economics
McMillan's rich knowledge of ... current economic theory and ... economies in transition is well embodied in this ... sophisticated survey.

Kirkus Reviews
McMillan's prose resembles single malt, going down easy as it stimulates.

Product Description
Taking us on a tour of the world's markets, John McMillan ranges from a camel trading fair in India to the 20 millin dollar per day Aalsmeer flower market and the global trade in AIDS drugs. He shows markets as neither magical nor immoral, but imperfect tools to improve living standards.

About the Author
John McMillan is the Jonathan B. Lovelace Professor of Economics at Stanford University's Graduate School of Business.