What does “free-market” mean? Does it mean everything is for sale to everyone all the time, for whatever price a buyer and seller can agree on? Maybe not. There are cases where everyone involved benefits from a common set of rules, whether those rules are created by a government, a financial exchange board, a consortium of private hospitals, or a professional association of lawyers and judges.
This book was cheerful, interesting, and accessible. If anything, I found it too accessible; I felt I didn’t need quite so much explanation and exemplification of the relevant concepts. Still, the sections on the “market” for kidneys alone make the book worth reading: markets among large groups of cooperating participants don’t just provide us with a variety of pleasant goods and services, they save lives. With highly trained, specialized minds like Roth’s working on improving methods of organ exchange, we have reason to hope for even better results in the future.
When and why I read Who Gets What and Why
From the title, I would have imagined a law book about wills, but it’s an economics book about markets.
Genre: non-fiction (popular economics)
Date started / date finished: 17-Nov-18 to 25-Nov-18
Originally published in: 2015
Amazon link: Who Gets What and Why