Category Archives: Market Failure

What a Pandemic Teaches Us About Neoliberalism

Economics, Inequality, Market decisionmakring, Market Failure, Markets, Neoliberalism, Pandemic, Public Policy, Regulation, Trump
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Social distancing is giving us a lot of time to think.  And except for keeping each other safe from this disease, what could be more useful than trying to learn from the pandemic for the future. This is not a commentary on the abject failure of the Federal government to deal with the pandemic in […]

Cook with Olive Oil, Kill Birds

Anthropocene, Biodiversity, Cats & Birds, Ecological Economics, Economics, Environmental Ethics, Information Asymmetry, Market Failure, Markets, Nature, Olive Oil, Opinion, Regulation, Sustainability, Technology Assessment, Values, Wildlife
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The theory of efficient markets, when applied beyond financial markets, is proposed by those who bridle against government regulation of business.  Their idea is that markets will punish bad behavior of individual firms or even whole industries and thus create incentives for firms to produce goods and services without harming employees, consumers, or the environment.  […]