The average rating for Foreign trade and U. S. policy based on 2 reviews is 4 stars.
Review # 1 was written on 2018-01-27 00:00:00 Rod Franklin The introductory chapter was inspiring, and I thought I'd genuinely found an evidence-based, academically-integrated encyclopaedia of market failures. But where Kuttner is correct he is trivial, and spends the rest of the book misguidedly tilting at strawmen. A shameful waste driven by a seeming unwillingness to not discard priors. |
Review # 2 was written on 2008-11-11 00:00:00 Gary Masters The subtitle is more appropriate, which is “The strengths and limitations of markets” – markets have many inherent limitations, and government rightly steps in when these market failures lead to undesirable results. The main argument is that those who argue for marketizing everything are short-sighted and miss the reality of the world; deregulation of airlines, for example, led to worse deals for the customers and less profits for the businesses. Regulation is a critically important aspect of free market society. |
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