The Theory of Market Failure: A Critical Examination

About this book

This book is unique in that it contains many of the developments of Paul Samuelsons theory of public goods and externalities. The common feature of those developments is that they challenge the market failure conclusion that many economists and policymakers have drawn from Samuelsons theory. This volume brings together for the first time the most significant critiques of the theory of market failure. Contributors include: "Paul A. Samuelson Francis M. Bator Kenneth D. Goldin Earl R. Brubaker Harold Demsetz Andrew Schotter Charles M. Tiebout James Buchanan Carl J. Dahlman Robert Axelrod Ronald H. Coase Steven N.S. Cheung Robert W. Poole Jr. Robert J. Smith Jack High Jerome Ellig."