Market Failure in Context

Alain Marciano is associate professor of economics at the University of Montpellier and coeditor of A Guide to Posner's Economic Analysis of Law. Steven G. Medema is Distinguished Professor of Economics at the University of Colorado at Denver and the author of The Hesitant Hand: Taming Self-Interest in the History of Economic Ideas.

Alain Marciano and Steven G. Medema - Market Failure in Context: Introduction Part 1. Before "Market Failure(s)": The Failure of the Market SystemNahid Aslanbeigui and Guy Oakes - The British Tariff Reform Controversy and the Genesis of Pigou's Wealth and Welfare, 1903-12Thomas C. Leonard - Progressive Era Origins of the Regulatory State and the Economist as ExpertMalcolm Rutherford - Institutionalism and the Social Control of BusinessRoger E. Backhouse - Economic Power and the Financial Machine: Competing Conceptions of Market Failure in the Great DepressionBradley W. Bateman - Analyzing Market Failure: Adam Smith and John Maynard Keynes Part 2. Market Failures: The Post-World War II NarrowingJ. Daniel Hammond - Paul Samuelson on Public Goods: The Road to NihilismMarianne Johnson - Public Goods, Market Failure, and Voluntary ExchangeJohn D. Singleton - Sorting Charles TieboutSebastian Berger - K. William Kapp's Social Theory of Social CostsDavid Colander - Framing the Economic Policy Debate