Free Market Madness

Free Market Madness

Why Human Nature Is at Odds With Economics--and Why It Matters

Book - 2009
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In this book, Peter Ubel argues that the combination of human nature and free markets can be downright dangerous for our health and well-being. That government must step in and further regulate the markets that reward those who exploit our weaknesses. He shows that by understanding and controlling the factors that go into our decisions, we can all begin to stop the damage we do to our bodies, our finances, and our economy as a whole.--[book jacket].
Publisher: Boston, Mass. : Harvard Business Press, c2009
ISBN: 9781422126097
Characteristics: xiv, 257 p. : ill. ; 24 cm

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Apr 24, 2012

Finaly we are getting the other side of the free market debates that ran during the 90's and earlier. How can it be? Totally opposite from the free tradist positioning! People lie, and big lies benefit big people.
Many examples presented to bolster the authors contention that regulation is necessary to:
preserve assets that other people, businesses even, might want to use. Regulation is necessary to 'save' people from themselves, given the world is a totally complex place and with no regulations (see derivative fiasco), no one ,mau understand what they are doing, nor the implications. Dumb politicians abound. Idiologues pollute. Why one might ask is it so hard for a politician to be concerned about those he has agis over?

Oct 27, 2009

easy read, argues that people can be irrational and can be manipulated by advertising (hence all those fat people in the US), believes behavioral economics has advantages over neoclassical rational approach (favored by the libertarians), wants more government involvement in the market


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