num_pages: 384
description: Despite the importance and political influence of the new theories, no systematic critical examination has been available - until now. Market Failure or Success: The New Debate brings together the key studies on the subject, including classic papers by Paul David and Nobel Laureates, Joseph Stiglitz and George Akerlof, along with powerful theoretical and empirical rebuttals. The rebuttals challenge the assumptions of the new models and question the usual policy conclusions. Examination of real markets and careful experimental studies fail to verify the new theories and suggest instead that markets are more robust than previously imagined. The failure to verify the new theories suggests promising new frontiers for research. Market Failure or Success is required reading for all who seek to better understand one of the most exciting debates in economics today.
language: English
title: Market Failure or Success: The New Debate
titlecomplete: Market Failure or Success: The New Debate
ratings_count: 5
publisher: Edward Elgar Pub