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The Truth About Markets: Why Some Nations are Rich But Most Remain Poor Paperback – 29 Apr 2004

4.2 out of 5 stars 37 customer reviews

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Product details

  • Paperback: 496 pages
  • Publisher: Penguin; New Ed edition (29 April 2004)
  • Language: English
  • ISBN-10: 0140296727
  • ISBN-13: 978-0140296723
  • Product Dimensions: 12.9 x 2.1 x 19.8 cm
  • Average Customer Review: 4.2 out of 5 stars 37 customer reviews
  • Amazon Bestsellers Rank: 28,588 in Books (See Top 100 in Books)
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Review

'[an] important new book...Kay makes an awful lot of sense about the limits of modern government' -- Martin Kettle, the Guardian

'an ambitious and brilliantly executed book...It is accessible and witty, and it sheds light on the way the world works' -- Richard Lambert, The Times

'one of the leading British economists of his generation' -- Hamish McRae, the Independent

'written with wit and subtlety...an important contribution to the post-1990s reassessment of capitalism' -- Martin Vander Weyer, the Telegraph --This text refers to an out of print or unavailable edition of this title.

From the Author

It is bad form in Britain for an author to comment on a review but the Kirkus review is seriously misleading. The reviewer says that 'John Kay has produced a spirited, informative and very readable justification for the American Business Model'. Flattering, in a way, but not true. The chapter on the American Business Model concludes that 'The ABM is deficient for its naive approach to issues of human motivation, its simplistic analysis of structures of property rights, its inability to maintain efficiency in the face of imperfect information, its misleading account of markets in risk, its glossing over of problems of cooperation and coordination, and its failure to describe the generation of the new knowledge on which its very success depends.

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Format: Paperback|Verified Purchase
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Format: Hardcover
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on 18 June 2003
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