The Market Revolution and its limits summarises why many economists believe that markets are best. It explores how even 'market failures' can be given market solutions, and asks why market ideas seem to have taken such a firm hold. Non-polemical in its approach, this book provides a comprehensive appraisal of the market and its alternatives, backed up with empirical international illustrations.
Shipman concludes that the 'revolution' lies in redefining the market process rather than the market outcome.
Alan Shipman is a freelance economist and economic journalist.
'The Market Revolution and Its Limits provides a useful survey of the market perspective.' - Millennium