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Market Failure in Context (Hardcover)
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Market Failure in Context (Hardcover)
Series: History of Political Economy Annual Supplement
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This volume explores the social, political, and intellectual
contexts in which twentieth-century notions of market failure were
developed. Markets can fail to perform in ways that best promote
the larger interests of society: this idea is as old as economics
itself and is one of the most crucial issues with which economic
thinkers have had to grapple. However, while the history of the
theory of market failure has received some critical examination,
little attention has been paid to the larger contexts in which
these theoretical analyses emerged. Contributors to this volume
directly examine these contexts to gain a greater understanding of
and appreciation for the influence of external ideas and events on
the development of economic theories and to stimulate additional
scholarship around this important facet of the history of
economics. Contributors. Nahid Aslanbeigui, Roger E. Backhouse,
Bradley W. Bateman, Sebastian Berger, David Colander, J. Daniel
Hammond, Marianne Johnson, Thomas C. Leonard, Alain Marciano,
Steven G. Medema, Guy Oakes, Malcolm Rutherford, John D. Singleton
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