Markets in Everything

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A propaganda theme at Marginal Revolution blog. Be amazed at the triumph of markets everywhere, but don't notice that they are often missing, noxious or poor substitutes for government. Markets are tools, like fire: but you wouldn't want fire in everything.

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Markets Don't Work for Everything [More...]
"Like every ideology, marketism has its limits, and like every movement it eventually overreached. There are plenty of reasons that a vast array of human interaction should be carried out without money or any kind of quid pro quo. And unsurprisingly, these problems crop up in many of the areas of human life into which people are now trying to push markets."

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