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Published in:
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2016 | OriginalPaper | Chapter

1. Introduction

Author : Donald Rutherford

Published in: Suspicions of Markets

Publisher: Springer International Publishing

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Abstract

“The market” is often used as a term of abuse as is “the free market economy” it creates. Markets are blamed for unemployment, exploitation and the commercialisation of society. Suspicions of markets are long-standing: for millennia, price controls have been used to reduce disliked market outcomes. Criticisms can be of market mechanisms, the market culture and behaviour in markets.

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next chapter The Case for Markets
Literature
Davis, J. (2004). Baking for the common good: A reassessment of the assize of bread in medieval England. Economic History Review, 57, 465–502.CrossRef
Ebenstein, A. (2001). Friedrich Hayek. A biography. New York: Palgrave.
Kent, R. G. (1920). The edict of Diocletian fixing maximum prices. University of Pennsylvania Law Review and American Law Register, 69, 35–47.CrossRef
Letwin, S. R. (1992). The anatomy of Thatcherism. London: Fontana/Harper Collins.
Mitchell, H. (1947). The edict of Diocletian: A study of price fixing in the Roman Empire. Canadian Journal of Economics and Political Science, 13, 1–12.CrossRef
Schuettinger, R. L., & Butler, E. F. (1979). Forty centuries of wage and price controls. How not to fight inflation. Washington, DC: The Heritage Foundation.
Metadata
Title
Introduction
Author
Donald Rutherford
Copyright Year
2016
Book
Suspicions of Markets

Print ISBN: 978-3-319-40807-1

Electronic ISBN: 978-3-319-40808-8

Copyright Year: 2016

DOI
https://doi.org/10.1007/978-3-319-40808-8_1