Tag Archives: Free Market

Pop Internationalism (Paul Krugman 1996)

In Pop Internationalism, Krugman defends international trade. Several ideas are put forward. The shrinking in manufacturing sectors (and its related jobs) has domestic causes, in particular the growing share of the sectors of services in the GDP. International trade with … Continue reading

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Income mobility according to the Great Gatsby curve : The fantasy of the american dream, statistical artifacts, and the irrelevance of public intervention.

Among the economists, it is commonly held that US people do not experience high income mobility. This is true. But the question of whether US people have lower income or social mobility compared to european countries has no definitive answer. The … Continue reading

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Negative Externality : A ‘Market Failure’

Rothbard and Reisman make good discussion about externalities but I think psychology is also relevant in understanding why “market failure” is not a valid argument. In experimental studies, it appeared that cooperation was higher when the persons can make interaction … Continue reading

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Water for Sale: How Business and the Market Can Resolve the World’s Water Crisis

Water for Sale: How Business and the Market Can Resolve the World’s Water Crisis Fredrik Segerfeldt, 2005. Originally published as Vatten till salu : Hur företag och marknad kan lösa världens vattenkris, copyright ©2003 Timbro, Stockholm.

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Chile: A Dynamic Water Market

Chile: A Dynamic Water Market By María de la Luz Domper March 2009 INTRODUCTION Thirty years ago, Chile’s water management was not very different from water management in many parts of the developing world today. Management was topdown, there was … Continue reading

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The Cochabamba “Water War”: An Anti-Privatisation Poster Child?

The Cochabamba “Water War”: An Anti-Privatisation Poster Child? By David Bonnardeaux March 2009 INTRODUCTION Back in 2002, when I was a young, wet-behind-the-ears Water Management Masters Student, I was of the mind that privatisation was wrong, or at the very … Continue reading

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Natural Monopoly and the Question of the Factors of Production

Many economists wrongly believe that a natural monopoly would emerge through price-cutting war in a free market. The cut-throat competition is a process by which a big firm can definitely (according to the theory) drive out the other competitors through … Continue reading

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Some Theoretical Flaws of the Planned Obsolescence

“The Light Bulb Conspiracy” is a 2010 documentary realized by Cosima Dannoritzer aiming to denunciate a phenomenon called the planned obsolescence which consists in degrading the life expectancy of consumer goods with the final goal to ‘induce’ people to buy … Continue reading

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Margaret Thatcher : Where is Free Market Economics ?

Like Ronald Reagan, Margaret Thatcher is usually and wrongly cited as a further evidence of market failure. Among the many problems denoted, the Poll Tax and the unemployment rate. The Poll Tax, as Rothbard explains, was not accompanied by a … Continue reading

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Ronald Reagan : Where is Free Market Economics ?

The deregulation era during Reagan’s administration is a common belief among liberals. Like Thatcher, Reagan perhaps believes in free market, but in practice he did not conduct free market policies.

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