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

by Amit and Bhaduri

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...

• Format: Hardcover
• Language: English
• ISBN: 014306827X
• ISBN13: 9780143068273
• Release Date: May 2009
• Publisher: Penguin Books India
• Length: 208 Pages
• Weight: 0.45 lbs.