Market Failure in Context

by Steven G. Medema

This volume explores the social, political, and intellectual contexts in which twentieth-century notions of market failure were developed. Markets can fail to perform in ways that best promote the larger interests of society: this idea is as old as economics itself and is one of the most crucial issues with which economic thinkers have had to grapple. However, while the history of the theory of market failure has received some critical examination,...

• Format: Hardcover
• Language: English
• ISBN: 0822368331
• ISBN13: 9780822368335
• Release Date: January 2016
• Publisher: Duke University Press
• Length: 280 Pages
• Weight: 1.30 lbs.
• Dimensions: 1.0" x 6.3" x 9.2"