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To understand the bewildering complexities of consumer markets and financial markets, you'll need to look beyond traditional textbooks. This book aims to better understanding of current markets through studying the implications of living in an information age. It examines the impacts that information has on how markets function, and presents a novel market theory in which information takes centre stage when analyzing how the economy functions and evolves. It depicts markets with three categories of actors (consumers, businesses, and information intermediaries), and predicts the growing importance of the role of information intermediaries, or 'matchmakers', as facilitators of transactions between consumers and businesses. Matchmakers and Markets will guide readers to reflect on their own role in the economy. It provides numerous scenarios and examples from the real-world economy, enabling readers to ask new questions and draw their own conclusions. The aim of this book is to stimulate the reader's own thinking, whether a consumer on the high street, or an investor on Wall Street, a policy maker in the government armchair, or an entrepreneur dreaming to make the next big thing in the world. This book will stir up discussion and debate as the claims and conclusions move away from mainstream theories.
This book investigates how the proliferation of information in the modern age fundamentally alters the mechanics of consumer and financial markets. Author Yi-Cheng Zhang challenges traditional economic models by proposing a novel framework where information serves as the primary driver of market evolution. By categorizing economic participants into consumers, businesses, and information intermediaries, the text argues that the latter group—termed 'matchmakers'—is becoming the most critical facilitator of global transactions.
What You Will Find
Scope Limits
Experts note that this text serves as a provocative departure from mainstream economic orthodoxy, encouraging readers to re-evaluate the structural role of intermediaries. The prose is accessible to a broad audience, ranging from casual consumers to policy makers, while maintaining a focus on theoretical innovation.
Page Count:
224
Publication Date:
2020-01-01
Publisher:
OUP Oxford
ISBN-10:
0192578030
ISBN-13:
9780192578037
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