Is "market failure" the same as "cost shifting success"?
Gene Coyle Michael Perelman wrote:
All market failures are really failures to fully adopt market rules. When Reagan's the economy was tanking despite Reagan's "reforms" Jack Kemp explained that the problem was that the US had failed to adopt the gold standard. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
