From eBay to the stock market to the unexpected twists of the world's post-communist economies, market structure has suddenly become quite visible. We have occasion to wonder, "What makes markets work? How important are they? What can we do to improve them? And how can we harness them to other applications?" Distributed by Syndetic Solutions, Inc.

John McMillan is the Jonathan B. Lovelace Professor of Economics at Stanford University's Graduate School of Business Distributed by Syndetic Solutions, Inc.

Preface	ix
1. The Only Natural Economy	3
2. Triumphs of Intelligence	15
3. He Who Can't Pay Dies	27
4. Information Wants to Be Free	41
5. Honesty Is the Best Policy	53
6. To the Best Bidder	65
7. Come Bid!	75
8. When You Work for Yourself	89
9. The Embarrassment of a Patent	103
10. No Man Is an Island	119
11. A Conspiracy against the Public	136
12. Grassroots Effort	148
13. Managers of Other People's Money	167
14. A New Era of Competition	182
15. Coming Up for Air	196
16. Antipoverty Warriors	211
17. Market Imperatives	224
Acknowledgments	231
Endnotes	233
References	247
Index	263

Distributed by Syndetic Solutions, Inc.