Seldom considered is whether markets do an adequate job of shaping our tastes. David George argues that they do not, and that the standard economic definition of efficiency can be used to demonstrate that the market ignores people's desires about their desires. He concludes that markets perform poorly with respect to second-order preferences, thus worsening the problem of undesired desires. The book further investigates changes in perceptions and public policy toward such activities as gambling, credit, entertainment, and sexual behavior.
David George is Chair and Professor Economics, LaSalle University.
- ISBN10 0472023497
- ISBN13 9780472023493
- Publish Date 14 May 2014 (first published 30 October 2001)
- Publish Status Active
- Publish Country US
- Imprint University of Michigan Press
- Edition Revised ed.
- Format eBook
- Language English