The Truth about Markets Their Genius, Their Limits, Their Follies

We live, now more than ever before, in a world made of markets. How do they work? Why do they work? Why are they better than alternative systems of organizing economics? And why, sometimes, do they fail so catastrophically? This accessible book explains the big questions of contemporary economics. John Kay uses storytelling to show that markets cannot be detached from the societies in which they are based.