[lbo-talk] Market Failure vs Government Failure

Ismail Lagardien ilagardien at yahoo.com
Mon Sep 10 10:08:37 PDT 2007


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

___________________________________________________________ Yahoo! Answers - Got a question? Someone out there knows the answer. Try it now. http://uk.answers.yahoo.com/



More information about the lbo-talk mailing list