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You can also listen to this interview on a free app on iTunes and Google Play Store entitled 'Raj Persaud in conversation', which includes a lot of free information on the latest research findings in psychology, psychiatry, neuroscience and mental health, plus interviews with top experts from around the world. Download it free from these links. Don't forget to check out the bonus content button on the app. https://play.google.com/store/apps/details?id=com.rajpersaud.android.rajpersaud https://itunes.apple.com/us/app/dr-raj-persaud-in-conversation/id927466223? Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly book by John Quiggin published by Princeton University Press A masterful introduction to the key ideas behind the successes—and failures—of
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You can also listen to this interview on a free app on iTunes and Google Play Store entitled 'Raj Persaud in conversation', which includes a lot of free information on the latest research findings in psychology, psychiatry, neuroscience and mental health, plus interviews with top experts from around the world. Download it free from these links. Don't forget to check out the bonus content button on the app. https://play.google.com/store/apps/details?id=com.rajpersaud.android.rajpersaud https://itunes.apple.com/us/app/dr-raj-persaud-in-conversation/id927466223? Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly book by John Quiggin published by Princeton University Press A masterful introduction to the key ideas behind the successes—and failures—of
Topics:
John Quiggin considers the following as important:
This could be interesting, too:
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| You can also listen to this interview on a free app on iTunes and Google Play Store entitled 'Raj Persaud in conversation', which includes a lot of free information on the latest research findings in psychology, psychiatry, neuroscience and mental health, plus interviews with top experts from around the world. Download it free from these links. Don't forget to check out the bonus content button on the app. https://play.google.com/store/apps/details?id=com.rajpersaud.android.rajpersaud https://itunes.apple.com/us/app/dr-raj-persaud-in-conversation/id927466223? Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly book by John Quiggin published by Princeton University Press A masterful introduction to the key ideas behind the successes—and failures—of free-market economics Since 1946, Henry Hazlitt’s bestselling Economics in One Lesson has popularized the belief that economics can be boiled down to one simple lesson: market prices represent the true cost of everything. But one-lesson economics tells only half the story. It can explain why markets often work so well, but it can’t explain why they often fail so badly—or what we should do when they stumble. As Nobel Prize–winning economist Paul Samuelson quipped, “When someone preaches ‘Economics in one lesson,’ I advise: Go back for the second lesson.” In Economics in Two Lessons, John Quiggin teaches both lessons, offering a masterful introduction to the key ideas behind the successes—and failures—of free markets. Economics in Two Lessons explains why market prices often fail to reflect the full cost of our choices to society as a whole. For example, every time we drive a car, fly in a plane, or flick a light switch, we contribute to global warming. But, in the absence of a price on carbon emissions, the costs of our actions are borne by everyone else. In such cases, government action is needed to achieve better outcomes. Two-lesson economics means giving up the dogmatism of laissez-faire as well as the reflexive assumption that any economic problem can be solved by government action, since the right answer often involves a mixture of market forces and government policy. But the payoff is huge: understanding how markets actually work—and what to do when they don’t. Brilliantly accessible, Economics in Two Lessons unlocks the essential issues at the heart of any economic question. |