Seldom considered is whether markets do an adequate job of shaping our tastes. David George argues that they do not, and that the standard economic definition of efficiency can be used to demonstrate that the market ignores people's desires about their desires. He concludes that markets perform poorly with respect to second-order preferences, thus worsening the problem of undesired desires. The book further investigates changes in perceptions and public policy toward such activities as gambling, credit, entertainment, and sexual behavior.
David George is Chair and Professor Economics, LaSalle University.
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Explores the failure of markets to shape desirable preferences
Produktdetaljer
ISBN
9780472089499
Publisert
2004-03-17
Utgiver
The University of Michigan Press
Høyde
229 mm
Bredde
152 mm
Aldersnivå
UP, 05
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
216
Forfatter
Biografisk notat
David George is Professor of Economics, LaSalle University.