Where then is the market failure that would invite federal maintenance of a stockpile?
The first is that it should intervene only when there is a clearly identified market failure.
It started when a Stanford professor tried to explain Microsoft's huge success as a market failure.
Katana Summit LLC, a Nebraska-based manufacturer of wind-turbine towers is another prospective free market failure.
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But at the same time, truly free markets create instability for workers precisely because of the importance of market failure.
But the fundamental market failure that Congress sought to fix was this cost-shifting from the uninsured to the privately insured.
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Because bankruptcy laws attempt to overcome this market failure, they are, in effect, a state-imposed system of universal financial-distress insurance.
Except in the rare cases of total market failure (like Darfur and North Korea), cash has huge advantages over food aid.
The two things that Greenspan got totally wrong were his beliefs that, one, markets self-regulate, and two, that there's no market failure.
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But if so, you should be looking for ways to make structural changes to the news business to address this market failure.
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Market failure is the doctrine that describes when the market fails to operate efficiently and maximize economic growth and prosperity for all.
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Fourth, support for clean energy is designed to correct a market failure.
This link points to a broader market failure to provide the right kind of investment and incentives to create much-needed new antibiotics.
Obamacare supporters would say that this is the profit motive of doctors trying to get extra income, and therefore a free market failure.
The cash is aimed at tackling the problems of housing market failure where house prices have collapsed and areas are facing widespread abandonment.
On Tuesday the regulators ruled an in-depth investigation was needed as they believed there was "no obvious market failure" that needed to be addressed.
The root of the problem is a much more complex market failure: private investors and scientists doubt that malaria research will be rewarded financially.
And if you get market failure, the government has to intervene.
If liberty is to prevail then I think people need to understand that a possible market failure is not necessarily an unambiguous and overwhelming case for government intervention.
Essentially they are trying to spread information about the jobs and complaining that the human capital industrial complex is suffering from a market failure, partly due to an informational problem.
Couple that with processes that seek certainty at the expense of creativity and calculated risk taking and you have the perfect mix for incremental results or worse yet, market failure.
He still insists that the foundation's massive spending on malaria research is a classic case of a near-monopoly leading to market failure: in this case, a market in medical prowess.
He said the "current obesity epidemic in children and adults represents a clear example of market failure" with taxpayers having to pick up the bill for healthcare and other costs.
But even readers who love Facebook, or at least cannot imagine life without it, should see its stock market failure as a sign of the commercial limits of the Internet.
If government does have a role, it should be only when rigorous analysis suggests more good than bad will come of it, weighing the realities of both market failure and government failure.
Rather than explaining the cycle in terms of market failure, as Keynes did, real business-cycle theory views a recession as the optimal response by households and firms to a shift in productivity.
Obama would have America accept increased regulation because, in an equality of opportunity society, if individuals do not get a good outcome, it is a failure of the system, a market failure.
But note that lock-in is inefficient (that is, it is a kind of market failure) only if the inferior product survives despite the fact that the benefits of switching would exceed the costs.
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