Markets can be efficient or inefficient; so can governments. thus market failure is a counterpoint to government failure.


Chapter 4, State Intervention, p. 93 - Economics Of The Welfare State (Fourth Edition)

Nicholas Barr Quotes

Markets can be efficient or inefficient; so can governments. thus market failure is a counterpoint to government failure.

Markets can be efficient or inefficient; so can governments. thus market failure is a counterpoint to government failure.

Markets can be efficient or inefficient; so can governments. thus market failure is a counterpoint to government failure.

Markets can be efficient or inefficient; so can governments. thus market failure is a counterpoint to government failure.