35 min listen
Clifford Winston on Market Failure and Government Failure
FromEconTalk
ratings:
Length:
66 minutes
Released:
Dec 28, 2009
Format:
Podcast episode
Description
Clifford Winston of the Brookings Institution talks about the ideas in his book, Market Failure vs. Government Failure, with EconTalk host Russ Roberts. Winston summarizes a large literature on antitrust, safety regulation and environmental regulation. He finds that government regulation often fails to meet its objectives. While markets are imperfect, so is government. Winston argues that idealized theories of government intervention based on textbook theories of market failure are not the way regulation turns out in practice. He argues that special interest politics explains much of the disappointing outcomes of government regulation.
Released:
Dec 28, 2009
Format:
Podcast episode
Titles in the series (100)
The Economics of Parenting: Parenting and incentive compatibility, by Russ Roberts and Don Cox by EconTalk