05213cam a2200445 i 4500 4837 4837 18966504 OSt 20230621113247.0 160207s2016 nyu b 001 0 eng 2016001296 9781610394925 (hardback) DLC eng DLC rda DLC pcc HB171 .F545 2016 381 23 BUS044000 BUS076000 BUS016000 bisacsh Fisman, Raymond, author. The inner lives of markets : how people shape them--and they shape us / Ray Fisman and Tim Sullivan. First edition. New York : PublicAffairs, [2016] x, 206 pages ; 25 cm text rdacontent unmediated rdamedia volume rdacarrier Includes bibliographical references (pages 185-197) and index. " What is a market? To most people it is a shopping center or an abstract space in which stock prices vary minutely. In reality, a market is something much more fundamental to being human, and it affects not just the price of tomatoes but the boundaries of everything we value. Reading the newspapers these days, you could be forgiven for thinking that markets are getting ever more efficient-and better. But as Tim Sullivan and Ray Fisman argue in this insightful book, that view is far from complete. For one thing, efficiency isn't always a good thing-illegal markets are very often more efficient than legal ones, because they are free of concern for laws and human rights. But even more importantly, the chatter about efficiency has obscured a much broader conversation about what kind of economic exchange we actually want. Every regulation, every sticker price, and every sale is part of an ever-changing ecosystem-one that affects us as much as we affect it. By tracing 50 years of economic thought on this subject, Fisman and Sullivan show how markets have evolved-and how we can keep making them better. This leads to fascinating and surprising insights, such as: Why your $10,000 used car is likely to sell for $2,000 or less; Why you should think twice before buying batteries on Amazon; and Why it's essential that healthy people buy medical insurance. In the end, The Inner Lives of Markets argues for a new way of thinking about how you spend your money-it shows that every transaction you make is part of a grand social experiment. We are all guinea pigs running through a lab maze, and the sooner we realize it, the more effectively we can navigate the path we want"-- Provided by publisher. "What is a market? To most people it is a shopping center or an abstract space in which stock prices vary minutely. In reality, a market is something much more fundamental to being human, and it affects not just the price of tomatoes but the boundaries of everything we value. Reading the newspapers these days, you could be forgiven for thinking that markets are getting ever more efficient--and better. But as Tim Sullivan and Ray Fisman argue in this insightful book, that view is far from complete. For one thing, efficiency isn't always a good thing--illegal markets are very often more efficient than legal ones, because they are free of concern for laws and human rights. But even more importantly, the chatter about efficiency has obscured a much broader conversation about what kind of economic exchange we actually want. Every regulation, every sticker price, and every sale is part of an ever-changing ecosystem--one that affects us as much as we affect it. By tracing 50 years of economic thought on this subject, Fisman and Sullivan show how markets have evolved--and how we can keep making them better. This leads to fascinating and surprising insights, such as: Why your $10,000 used car is likely to sell for $2,000 or less; Why you should think twice before buying batteries on Amazon; and Why it's essential that healthy people buy medical insurance. In the end, The Inner Lives of Markets argues for a new way of thinking about how you spend your money--it shows that every transaction you make is part of a grand social experiment. We are all guinea pigs running through a lab maze, and the sooner we realize it, the more effectively we can navigate the path we want"-- Provided by publisher. Economics. Free enterprise. Markets. Consumer behavior. BUSINESS & ECONOMICS / Economics / Microeconomics. bisacsh BUSINESS & ECONOMICS / Purchasing & Buying. bisacsh BUSINESS & ECONOMICS / Consumer Behavior. bisacsh Sullivan, Tim, 1970- author. Online version: Fisman, Raymond, author. Inner lives of markets First edition. New York : PublicAffairs, [2016] 9781610394932 (DLC) 2016006755 7 cbc orignew 1 ecip 20 y-gencatlg lcc BK 0 0 lcc 0 0 LPL LPL GEN 2021-09-01 purchased 2572.00 0 HB171 .F545 2016 2021/12,535 2021-09-01 00:00:00 12,535 2021-09-01 BK 0 0 lcc 0 0 LPL LPL GEN 2021-09-01 purchased 2572.00 0 HB171 .F545 2016 2021/12,536 2021-09-01 00:00:00 12,536 2021-09-01 BK 0 0 lcc 0 0 LPL LPL GEN 2021-09-01 purchased 2572.00 0 HB171 .F545 2016 2021/12,537 2021-09-01 00:00:00 12,537 2021-09-01 BK 0 0 lcc 0 0 LPL LPL GEN 2021-09-01 purchased 2572.00 0 HB171 .F545 2016 2021/12,538 2021-09-01 00:00:00 12,538 2021-09-01 BK 0 0 lcc 0 0 LPL LPL GEN 2021-09-01 purchased 2572.00 0 HB171 .F545 2016 2021/12,539 2021-09-01 00:00:00 12,539 2021-09-01 BK