Market Failure 8: Non-Efficiency policy goals (The right tool for the right job)
We conclude the market failure series by talking about what to do when you have goals besides allocative efficiency.
Author: James K
Market Failure 7: Government Failure (There’s Always a Catch)
Unfortunately correcting market failures is an exercise in using one imperfect tool to fix the imperfections in another.
Wait, there’s a new Star Wars movie?
A series of impressions of the new Star Wars movie. Spoilers are included but blacked out.
Market Failure 5: Imperfect Information (When life hands you lemons, call your mechanic)
What you don’t know can hurt everyone.
Market Failure 4: Collective Action Problems (Tragedies and Catch 22s)
Why can’t we all just get along?
Market Failure 3: Imperfect Competition (This game of Monopoly plays you!)
What happens when a small number of producers or consumers starts to gain control over the price system?
Market Failure 2: Externalities (Coase and Effect)
Economic decision-making becomes a lot more complicated when your decisions affect 3rd parties.
Market Failure 1: Ideal Markets (Why you should care about spherical cows)
To understand what a market failure is, you first need to understand the market successes.
Market Failure Introduction
In which I outline an eight-part series on how markets can fail, and what to do about it.
Greece is the Word
An examination of what the Greek situation can tell us about the importance of trust, and its absence.
England has a bad History with Kings named Charles
A tale of spiders, ambitious princes and the Royal succession. And yet, nothing to do with Game of Thrones.
Death claims an Author
A brief eulogy for Sir Terry Pratchett. What was your favorite Pratchett work?
Every Drop of Blood, That Every Roman Bears…
In which I engage in a meandering exploration of what purpose an oath serves in the 21st Century.
Hey, There’s Another Vote Happening this Week
Alternative title: The US isn’t the only country holding an election this year.
