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Market Failure

You’ve all heard about so called “market failure”–indeed, if you’ve studied economics at all you’ve been lectured on it, examined on it, and told at length that the phenomenon is endemic to capitalism.

This week however, in our Economics for Real People presentation, we’re going to suggest that it isn’t. That the doctrine of market failure itself fails: That markets don’t fail in the manner described; that explanations have long existed for the alleged failures presented in economics classrooms; that there is a failure far more fundamental than market failure that the proponents of the doctrine overlook entirely; and that the primary reason for the ubiquity of the market failure doctrine is not economic, but something much more fundamental.

Date: Tuesday 24 May 

Time: 6pm 
Room: University of Auckland Business School, Owen G Glenn Building
Room 219 (Level 2)

Look forward to seeing you.

Categories: Uncategorized
  1. May 26, 2011 at 12:19 pm

    Sorry for the delay in getting the reading list up. The Market Failure reading list can be found here: Lecture Handouts

    I will try to get the older reading lists up sometime tomorrow.

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