Difference between revisions of "Market Failure"

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[[Category:Economics]]
 
[[Category:Economics]]
 
[[Category:Economics 101]]
 
[[Category:Economics 101]]
 +
[[Category:Markets]]
 
Libertarians, because they insist on "[[Freedom (propaganda)|freedom]]", do not want to do anything about market failure.  Their three major responses then are (1) [[denialism]] (a public relations style of lying)  (2) insisting that market failure is optimal because all other possibilities are always worse or (3)  the argument that government has failures too.
 
Libertarians, because they insist on "[[Freedom (propaganda)|freedom]]", do not want to do anything about market failure.  Their three major responses then are (1) [[denialism]] (a public relations style of lying)  (2) insisting that market failure is optimal because all other possibilities are always worse or (3)  the argument that government has failures too.
  

Revision as of 17:39, 26 August 2014