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|From the wild swings of the stock market to the online auctions of eBay to the unexpected twists of the worlds post-Communist economies, markets have suddenly become quite visible. We now have occasion to ask, What makes these institutions work? How important are they? How can we improve them?Taking us on a lively tour of a world we once took for granted, John McMillan offers examples ranging from a camel trading fair in India to the $20 million per day Aalsmeer flower market in the Netherlands to the global trade in AIDS drugs. Eschewing ideology, he shows us that markets are neither magical ...|
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