From De Long. An old review, but the claim that market failure is less damaging than government failure is a laugh - i am using it in today's lecture prescribing/proscribing the state.
STARTS: Stiglitz's book
would be, I think, much stronger if it took on not the claim
that markets are perfect, but the claim that in the world we
live in market faiilure is likely to be less damaging than government
failure.
http://econ161.berkeley.edu/Econ_Articles/Reviews/stiglitz_role.html
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