How Long to Read The Limits of Market Organization

How Long Does it Take to Read The Limits of Market Organization?

It takes the average reader 6 hours and 50 minutes to read The Limits of Market Organization by Richard R. Nelson

Assuming a reading speed of 250 words per minute. Learn more

Description

The last quarter century has seen a broad, but qualified, belief in the efficacy of market organization slide into an unyielding dogma that the market, as unconstrained as possible, is the best way to govern virtually all economic activity. However, unrestricted markets can often lead to gross inequalities in access to important resources, the creation of monopolies, and other negative effects that require regulation or public subsidies to remedy. In The Limits of Market Organization, editor Richard Nelson and a group of economic experts take a more sophisticated look at the public/private debate, noting where markets are useful, where they can be effective only if augmented by non-market mechanisms, and where they are simply inappropriate. The Limits of Market Organization examines the appropriateness of markets in four areas where support for privatization varies widely: human services, public utilities, science and technology, and activities where market involvement is altogether inappropriate. Richard Murnane makes the case that a social interest in providing equal access to high quality education means that for school voucher plans to be effective, substantial government oversight is necessary. Federal involvement in a transcontinental railroad system was initially applauded, but recent financial troubles at Amtrak have prompted many to call for privatization of the rails. Yet contributor Elliot Sclar argues that public subsidies are the only way to maintain this vital part of the American transportation infrastructure. While market principles can promote competition and foster innovation, applying them in certain areas can actually stifle progress. Nelson argues that aggressive patenting has hindered scientific research by restricting access to tools and processes that could be used to generate new findings. He suggests that some kind of exception to patent law should be made for scientists who seek to build off of patented findings and then put their research results into the public domain. In other spheres, market organization is altogether unsuitable. Legal expert Richard Briffault looks at one such example—the democratic political process—and profiles the successes and failures of campaign finance reform in preventing parties from buying political influence. This important volume shows that market organization has its virtues, but also its drawbacks. Just as regulation can be over-applied, so too can market principles. The Limits of Market Organization encourages readers to think more discriminately about the march toward privatization, and to remember the importance of public institutions.

How long is The Limits of Market Organization?

The Limits of Market Organization by Richard R. Nelson is 410 pages long, and a total of 102,500 words.

This makes it 138% the length of the average book. It also has 125% more words than the average book.

How Long Does it Take to Read The Limits of Market Organization Aloud?

The average oral reading speed is 183 words per minute. This means it takes 9 hours and 20 minutes to read The Limits of Market Organization aloud.

What Reading Level is The Limits of Market Organization?

The Limits of Market Organization is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Limits of Market Organization?

The Limits of Market Organization by Richard R. Nelson is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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