The Four Ways Markets Break audio documentary cover
Societies 30 min

The Four Ways Markets Break

Every regulatory fight you've heard is secretly about diagnosis.

Economists have spent a century cataloguing four specific ways markets fail: public goods, externalities, monopolies, and information asymmetries. Each one points to a different fix, and most of the regulatory fights that look ideological are really arguments about which category applies.

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economics markets regulation public goods externalities monopoly information asymmetry public policy antitrust government taxation healthcare competition political economy economic theory
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