Author(s): John Kay

Current Affairs

This edition is out of print as at May 2010.>'Readers of this illuminating book will better understand what has gone wrong with the market economy and what should be done about it' - Joseph Stiglitz, author of Globalization and Its Discontents 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.