If markets are so wonderful, why can't I find friends at the store?

From: The American Journal of Economics and Sociology | Date: October 1, 2002| Author: | Copyright information

Now that all but the most stubborn ideologues have granted the importance of markets as a promising device for organizing efficient allocation, we run the danger of a particular form of analytical sloppiness. To claim that markets are powerful is far from saying they are omnipotent. In fact, the relative strengths of markets as an organizing device can be shrouded by hyperbolic claims of market puissance. The argument here is that markets have significant limits and that by acknowledging those limits we can focus on the important question of the nature of the optimal interaction between ...

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