Clifford Winston on Market Failure and Government Failure

2009-12-28 · 66 min · episode 191 · 18 entities

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→ appeared on EconTalk podcast

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Clifford Winston on Market Failure and Government Failure
→ hosted by Russ Roberts person

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Feed author/publisher: Russ Roberts
→ hosted by Library of Economics and Liberty person

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Feed author/publisher: Library of Economics and Liberty
→ discusses Society & Culture concept

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→ discusses Social Sciences concept

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mentioned Society & Culture concept

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mentioned Science concept

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mentioned Education concept

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mentioned Philosophy concept

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evidence rules-v4
Feed category: Philosophy
mentioned Social Sciences concept

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evidence rules-v4
Feed category: Social Sciences
mentioned Courses concept

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Feed category: Courses
discusses Society & Culture concept

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evidence rules-v4
Feed category: Society & Culture
discusses Science concept

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evidence rules-v4
Feed category: Science
discusses Education concept

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evidence rules-v4
Feed category: Education
discusses Philosophy concept

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evidence rules-v4
Feed category: Philosophy
discusses Social Sciences concept

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evidence rules-v4
Feed category: Social Sciences
discusses Courses concept

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Feed category: Courses

persons 5

mentioned Russ Roberts person

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Feed author/publisher: Russ Roberts
mentioned Library of Economics and Liberty person

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mentioned Clifford Winston person

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Clifford Winston on Market Failure and Government Failure
hosted by Russ Roberts person

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evidence rules-v4
Feed author/publisher: Russ Roberts
hosted by Library of Economics and Liberty person

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evidence rules-v4
Feed author/publisher: Library of Economics and Liberty

podcasts 1

appeared on EconTalk podcast

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evidence rules-v4
Clifford Winston on Market Failure and Government Failure

Episode description as stored

Clifford Winston of the Brookings Institution talks about the ideas in his book, Market Failure vs. Government Failure, with EconTalk host Russ Roberts. Winston summarizes a large literature on antitrust, safety regulation and environmental regulation. He finds that government regulation often fails to meet its objectives. While markets are imperfect, so is government. Winston argues that idealized theories of government intervention based on textbook theories of market failure are not the way regulation turns out in practice. He argues that special interest politics explains much of the disappointing outcomes of government regulation.