Nicholas Barr Quote

So far as school education is concerned, many of the assumptions necessary for market efficiency fail, the main problems being imperfect information, imperfect capital markets, and external effects.

Chapter 13, School Education, p. 318 - Economics Of The Welfare State (Fourth Edition)

So far as school education is concerned, many of the assumptions necessary for market efficiency fail, the main problems being imperfect information, ...

So far as school education is concerned, many of the assumptions necessary for market efficiency fail, the main problems being imperfect information, ...

So far as school education is concerned, many of the assumptions necessary for market efficiency fail, the main problems being imperfect information, ...

So far as school education is concerned, many of the assumptions necessary for market efficiency fail, the main problems being imperfect information, ...