AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
**Imagining Solutions Beyond Economists' Studies and government intervention. **
The insight emphasizes the inadequacy of contrasting private enterprise with economists' ideal adjustments in their studies. Government authorities are unlikely to achieve or strive for this ideal due to factors like ignorance, information issues, democratic pressures, and personal corruption. Therefore, the focus should be on envisioning solutions beyond economists' theoretical studies and government intervention, as they may fall short in addressing market failures effectively.