Product Description
The Truth About Markets
Author(s): John Kay
Format: Paperback
Why Some Nations are Rich But Most Remain Poor
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 and a fellow of St John's College Oxford. His career has spanned academia, business, finance and public policy. He was the founding head of the Oxford Said Business School and the Institute for Fiscal Studies - Britain's most respected think tank. He is the author of The Truth About Markets, Obliquity, Other People's Money and other books and for twenty years contributed a regular column to the Financial Times.
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