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The Truth About Markets Why Some Nations are Rich But Most Remain Poor by John Kay
  

The Truth About Markets Why Some Nations are Rich But Most Remain Poor

Synopsis

The Truth About Markets Why Some Nations are Rich But Most Remain Poor by John Kay

Capitalism faltered at the end of the 1990s as corporations were rocked by fraud, the stock-market bubble burst and the American business model - unfettered self-interest, privatization and low tax - faced a storm of protest. But what are the alternatives to the mantras of market fundamentalism?Leading economist John Kay unravels the truth about markets, from Wall Street to Switzerland, from Russia to Mumbai, examining why some nations are rich and some poor, why `one-size-fits-all' globalization hurts developing countries and why markets can work - but only in a humane social and cultural context. His answers offer a radical new blueprint for the future.

About the Author

John Kay is one of Britain's leading economists. He was the first (controversial) head of the Oxford Said Business School and for many years headed Europe's largest private firm, providing economic advice to companies and governments. He has a regular column in the Financial Times.

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Book Info

Publication date

29th April 2004

Author

John Kay

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Publisher

Penguin Books Ltd

Format

Paperback
496 pages

Categories

Economic systems & structures

ISBN

9780140296723

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