The Inner Lives of Markets:How People Shape Them - And They Shape Us

In The Inner Lives of Markets, by Ray Fisman and Tim Sullivan, you will learn about how the very idea of what constitutes a market has evolved over the last 75 years.  More importantly, you’ll discover that the best way to make good decisions about these markets is to discover the fundamental economic principles behind them.

The twentieth century was a time of amazing revolutions in economic theory, many of which still influence our lives in this century.  Economists no longer limit themselves to money and pricing in thinking about how the wants and desires of individuals determine resource allocation. The consequence is that more markets with more sophistication are slowly creeping into ever more areas of our everyday lives.

In The Inner Lives of Markets, by Ray Fisman and Tim Sullivan, you will learn about how the very idea of what constitutes a market has evolved over the last 75 years.  More importantly, you’ll discover that the best way to make good decisions about these markets is to discover the fundamental economic principles behind them. This can be done on those ranging from well-known platforms like Uber and Amazon to esoteric ones like those for organ transplants.  Fisman is a professor at Boston University, while Sullivan is the Managing Editor of Harvard Business Review.