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The Truth About Markets : Why Some Nations are Rich But Most Remain Poor

By: (Author) John Kay

Extended Catalogue

Ksh 2,700.00

Format: Paperback / Softback

ISBN-10: 0140296727

ISBN-13: 9780140296723

Publisher: Penguin Books Ltd

Imprint: Penguin Books Ltd

Country of Manufacture: GB

Country of Publication: GB

Publication Date: Apr 29th, 2004

Print length: 496 Pages

Weight: 340 grams

Dimensions (height x width x thickness): 19.80 x 12.90 x 2.20 cms

Product Classification: Economic systems & structures

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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. This title offers a radical blueprint for the future.

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.


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