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Customer Review

VINE VOICEon 23 November 2011
Format: Paperback|Vine Customer Review of Free Product( What's this? )
There is a great book in here, Colin Crouch has written a good analysis of the current dominant ideology of our times.

He points out the weaknesses of the current 'Chicago' school of economics which maintains that the market fixes all problems. He analyses the distortions of the market caused by monopoly players and the various imperfections of information transfer that cause the real economy to deviate from the ideal situation. He's very good on all this and ultimately it's clear that the market performs poorly in situations where there are natural monopolies or where there isn't a clear job or profit to be made. His tables on p-30 and at the start of Chap 4 are excellent and really summarise the weaknesses of the market-led approach.

However the book isn't for the general reader, it's very dense with jargon and a slow read. He also doesn't supply much in the way of solutions, the firm becoming more politically engaged (almost quasi government) is one idea but he doesn't really follow it up. It's clear things are broken but more advice on how to fix them would be good.
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