Showing results by author "Eric A. Posner" in All Categories

Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? Radical Markets turns this thinking - and pretty much all conventional thinking about markets, both for and against - on its head. The book reveals bold new ways to organize markets for the good of everyone.

The bailouts during the recent financial crisis enraged the public. They felt unfair - and counterproductive: people who take risks must be allowed to fail. If we reward firms that make irresponsible investments, aren't we encouraging them to continue to act irresponsibly? Bailouts have happened throughout economic history and are unavoidable in any modern, market-based economy. And they're actually good. Contrary to popular belief, the financial system cannot operate properly unless the government stands ready to bail out banks and other firms.

"Narrator Peter Berkrot's vocal tone has a flinty mid-20th century quality that works well with this historical review of how demagogues in the U.S. have repeatedly exploited populism since the founding of the nation. Serious but never overwrought, he has a lovely way with phrasing that enhances...