Steven N.S. Cheung on comparative institutional analysis

Jean Tirole: Market Failures and Public Policy

David Friedman | Full Address and Q&A | Oxford Union

What can economists tell you

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What It’s Like to Be Declared Dead by the US Government

In 2011, the Office of the Inspector General conducted an audit of the Death Master File, and found that, from May 2007 to April 2010, 36,657 living people (12,219 per year) had been prematurely added, nulling them legally dead. After probing deeper, officials estimated that between 700 and 2,800 people were erroneously declared dead every month since the list’s inception. Over the file’s 35-year history, the Inspector General suspects that more than 500,000 Americans have been affected.

via What It’s Like to Be Declared Dead by the Government.

Robert D. Tollison on the main positive contribution of economists to public policy

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Ronald Coase on comparative institutional analysis

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Arthur Pigou on comparative institutional analysis

Comparative institutional analysis, market failure, government

Why does government fail?

HT: coordinationproblem

Market Failure, Considered as an Argument both for and Against Government| David Friedman

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