Mark Thoma — 7 Important Examples of How Markets Can Fail

Omitted the one that Bill Black has been documenting — white collar crime, the creation of criminogenic environments, and control fraud. The global financail crisis can be traced largely to this as the chief causal factor.

Enron and Bernie Maddoff were not outliers. Jailing Martha Stewart for insider trading was a joke.

The Fiscal Times

7 Important Examples of How Markets Can Fail
Mark Thoma | Professor of Economics, University of Oregon