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Hardcover The Face You Were Afraid to See: Essays on the Indian Economy Book
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ISBN: 014306827X

ISBN13: 9780143068273

The Face You Were Afraid to See: Essays on the Indian Economy

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Economists talk of prices rising or falling in response to excess of demand or supply in the market, but are at a loss to explain who sets the price in a market of many players where no one has the power to dictate price. They then have to invent the invisible hand of a mythical god called price mechanism to create the image of the market operating as a self-regulating system. While unregulated free trade amounts to groping in the dark, the situation...

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Format: Hardcover

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