All Posts Tagged With: "distorted incentives"
Freefall: America, Free Markets, and the Sinking of the World Economy
In 2001 Joseph Stiglitz was co-recipient of the Nobel Prize in economics, a fact prominently noted on the dust jacket of Freefall, his book on the financial crisis. In 2002 Stiglitz and two coauthors produced a report, commissioned and published by the government-sponsored housing agency Fannie Mae, stating that the risk of a failure by [...]
4Jan2012 | Lawrence H. White | 2 comments | ContinuedCleaning Up After the Elephants
I detect a pattern in the challenges hurled at liberals on nearly every issue. The opponent of liberalism describes a problem, invariably with roots in a government infringement of freedom. In response, he prescribes more government interference with freedom, at which point the liberal interjects that the best and only just solution is the repeal [...]
1Aug2006 | Sheldon Richman | 0 comments | ContinuedExternalities and the Environment
Ms. Santoriello is a student, and Dr. Block a professor of economics, at the College of the Holy Cross in Worcester, Massachusetts. We operate under a free enterprise economic system that produces plastic milk jugs and redwood picnic tables. The market is therefore responsible for such environmental problems as too much plastic trash and too [...]
1Nov1996 | Andrea Santoriello | 1 comment | Continued-
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