“Non-Market Failure” Revisited: The Anatomy and Physiology of Government Deficiencies
In 1977, J. K. Galbraith presented a television series entitled “The Age of Uncertainty”. Two years later, Milton Friedman followed with a television series entitled “Free to Choose”, intended as a rebuttal to the Galbraith series although, as in some election campaigns, the adversary was not mentioned explicitlyl.
KeywordsNational Income Market Failure Supply Function Shift Variable Television Series
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