Yes, some economists are finally starting to notice this and break their Keynesian conditioning.

Rothbardian_fanatic

“Market failure,” like many technical terms, is a misleading label. Not all ways in which markets fail count as market failure and market failure occurs in many contexts other than markets.

econ

Market Failure

Bell_curve

Nice opening line:

> “Market failure,” like many technical terms, is a misleading label. Not all ways in which markets fail count as market failure and market failure occurs in many contexts other than markets.