Journals Higher Education



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Published: 07 July 2016

344 Pages


ISBN: 9780199608133

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Bookseller Code (AE)

The Invisible Hand?

How Market Economies have Emerged and Declined Since AD 500

Bas van Bavel

  • Provides insight into more than a thousand years of economic and social developments
  • Offers a better understanding of what markets and market economies really are
  • Assesses the advantages and drawbacks of having markets as the dominant system of exchange and allocation
  • Confronts theoretical models and ideological viewpoints with empirical historical data
  • Enables the reader to take a fresh look at the present debates about the future of capitalism, the effects of inequality, and the relation between wealth and political leverage