Reinventing the Bazaar by John McMillan (2/4)

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A fun, insightful look at the evolution of markets. Chapter titles such as The Embarrassment of a Patent-referring to quotes from both Thomas Jefferson and the U.S. Supreme Court discussing the awkwardness of the government granting monopoly power-and Come Bid!-discussing the evolution of auctions and the new power of online bidding-give a sense of the tone of the book. I recommend this book to students who want to understand markets better or just have a fun economics read, and I often pull this book out to find great examples to back up what I teach in micro and managerial econ classes.

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Contributors: Megan Way from Babson College 

Written by Taegan Lion

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