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Philip Booth
10 June 2013
3 comments

Whenever the left wish to make an argument for their favourite form of government intervention they always use – normally dressed up in more comprehensible language – some form of...
Philip Booth
6 September 2010
comments

Opponents of a market economy often decry the operation of what they perceive to be selfishness in the market as well as problems of market failure such as the existence of externalities. Whilst I...
Kristian Niemietz
3 February 2009
comments

One of the justifications for government intervention in the market is the presence of ‘external effects’ or ‘externalities’ which occur when individual actions adversely...

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