The Market System

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What It Is, How It Works, and What To Make of It

Charles E. Lindblom

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In this clear and accessible book, an eminent political scientist offers a jargon-free introduction to the market system for all readers, with or without a background in economics.

"A balanced and novel treatment of a very important set of questions. This is a book of grand scope by an outstanding scholar."—Samuel Bowles, University of Massachusetts, Amherst

"Anyone who wants to know more about the market system’s plusses and minuses, how government can help or hinder its workings, and the direction in which it is likely to move should read this clear, fair, and fascinating book."—Robert Heilbroner, professor emeritus, New School University

"The Market System resplendently assesses the character, rules, advantages, and shortcomings of the central institution coordinating modern economic and social life. Lindblom marshals his incisive intellect, uncommon range, and pellucid prose to clarify, probe, and exhort. The result is an unsurpassed guide."—Ira I. Katznelson, Columbia University

Charles E. Lindblom is Sterling Professor Emeritus of Economics and Political Science at Yale University. His prize-winning books include Inquiry and Change: The Troubled Attempt to Understand and Shape Society, published by Yale University Press, and Politics and Markets: The World’s Political-Economic Systems.

“We are all vaguely familiar with the market system, where most of us gain our livelihoods and all of us arrange our livings. What we learn from Charles Lindblom’s book is how little we grasp as to how this system really works, both for the better and for worse. Anyone who wants to know more about its plusses and minuses, how government can help or hinder its workings, and the direction in which it is likely to move should read this clear, fair and fascinating book.”—Robert Heilbroner, Professor Emeritus, New School University  

"Lindblom offers a balanced and novel treatment of a very important set of questions. This is a book of grand scope by an outstanding scholar."—Samuel Bowles, University of Massachusetts, Amherst University

"This book lays out the case for the market and the case against, fully and fairly. Lindblom’s ideas on the virtues and vices of markets are original and stimulating."—Stephen A. Marglin, Harvard University

“[A]n elegant précis of Lindblom’s lifework. . . . [F]inely balanced.”—George Scialabba, American Prospect

“[H]ighly recommended.”—Choice

“Addressing nothing less than the nature of cooperation in human society, [Lindblom’s] discussion spans history, philosophy and political theory, an unusually multidisciplinary approach for an economics text. . . . Lindblom provides refreshingly few definitive answers, making his the most mild-mannered economics book published in some time, as well as the most cerebral.”—Publishers Weekly

“Lindblom explains what [the] ‘market system’ is, details how it works, makes a strong case for its advantages and keenly outlines some of its limitations. . . . Admirably clear and penetrating, this book deserves to find a broad audience interested in an intellectual approach to economics.”—Publishers Weekly

The Market System resplendently assesses the character, rules, advantages, and shortcomings of the central institution coordinating modern economic and social life. Deploying more than a half-century of learning and instruction, Lindblom marshals his incisive intellect, uncommon range, and pellucid prose to clarify, probe, and exhort. The result is an unsurpassed guide.”—Ira I. Katznelson, Ruggles Professor of Political Science and History, Columbia University

Selected as an "Outstanding" title in the 2002 AAUP University Press Books for Public and Secondary School Libraries
ISBN: 9780300093346
Publication Date: August 11, 2002
308 pages, 5 x 7 3/4
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