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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Merits and Limits of Markets

Merits and Limits of Markets

Giersch, Herbert

Paperback

Series: Publications of the Egon-Sohmen-Foundation

Business GeneralEconomics

ISBN10: 3642722121
ISBN13: 9783642722127
Publisher: Springer Nature
Published: Jan 28 2012
Pages: 279
Weight: 0.92
Height: 0.62 Width: 6.14 Depth: 9.21
Language: English
The 1997 Symposium of the Egon-Sohmen-Foundation, which gave rise to this book, took place in the United States, on the East Coast between New Y C)rk and New Haven, more precisely in Stamford (Conn.). The original choice had been a place close to Yale University, where Egon Sohmen taught economics from 1958 to 1960, subsequent to his period at MIT. But the hotel in New Haven was closed down by a new owner-to pass through a process of creative destruction. Change of ownership-on a large scale and as a transition from public to private hands-had been the topic of the preceding Egon- Sohmen-Symposium (in Budapest in 1996) published under the head- ing: Privatization at the End of the Century (Springer-Verlag, 1997). Yet mere change of ownership, some of us at the Foundation felt in subsequent months, was too narrow a focus to properly deal with the movement under consideration: a transition of ownership together with a general move towards a competitive market system charac- terized by global openness, uncertainty, decentralized risk-bearing, and the increasing importance of information and innovation.

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