How Markets Fail: The Logic of Economic Calamities by John Cassidy

Talks about cases and environments in which economies have, and can, fail.

This source is an invaluable academic source for my paper. It is a book that outlines the anatomy of a number of economic collapses and then talks about how economic collapse can occur. Cassidy asserts that, “Large organizations like Fannie Mae and Freddie Mac make the economic process more complicated and can interfere with the market process, as large governmental institutions often do.” This is very valuable because it will allow me to gain perspective on what a certain academic demographic feels works economically, and what can cause difficulties or growth problems within an economy. The author has won a number of awards, so his ethos is very high in this case.

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