"The IEA continues to show the vitality and relevance of free market economics." – David Willetts MP
Blog
6 September 2010
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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...
3 February 2009
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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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