All Articles tagged market failure

• Articles
  May 22, 2023 CDT
  Externalities and the State
  Robert Batemarco

  Failure to enforce property rights is far from the only way in which government gives rise to externalities. Indeed, most actions of the government actually cause externalities.

  Abstract
• Book Reviews
  May 20, 2020 CDT
  Book Review: “The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society”
  David Gordon

  David Gordon reviews Binyamin Appelbaum's "The Economists' Hour," in which Applebaum argues that manipulable consumers are competent to select wise leaders, and blames the market for the failures of government.

  Abstract
• Book Reviews
  March 21, 2020 CDT
  Book Review: “Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly”
  David Gordon

  David Gordon reviews John Quiggin's "Economics in Two Lessons," an effort to correct Hazlitt's "Economics in One Lesson" by adding "important truths about the limitations of the market."

  Abstract
• Book Reviews
  December 31, 2019 CDT
  Book Review: People, Power, and Profits: Progressive Capitalism for an Age of Discontent
  David Gordon

  David Gordon reviews "People, Power, and Profits," in which Stiglitz professes great concern for the poor, while arguing that most people require control by enlightened experts such as himself.

  Abstract
• Articles
  April 15, 2019 CDT
  Is the Virus of International Macroeconomic Interventionism Infectious? An ABCT Analysis
  Walter BlockLucas EngelhardtJeffrey Herbener

  Can credit expansion in one part of the world infect a laissez-faire economy with a boom-bust cycle? Block, Engelhardt, and Herbener argue that the laissez-faire economy is largely sheltered.

  Abstract