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205 | John Quiggin on Interest Rates and the Information Economy
Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas
The Ways in Which Markets Fail
Eo: I'm sure different people are going to have different top ten lists for the ways in which markets fail. The first i guess, a, the first i guessis is a climate change. A laber market failures in unemployment - that's when things don't work as they're supposed to. You only have one job, you can't tell in advance what it's going to be like. And there's all sorts of difficulties with the notion that we'll look, if there's too many of one kind of workers, their wage goes down and so forth. That’s sort of, i suppose, the one, that's the one that, in some sense,
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