Must-Read: So when I go back onto the Econ 1 teaching line in the spring of 2016, how do I organize (a) the excellences of markets, and (b) the failures of markets? Reich and Tyson have a nice four-part typology: 1. government creates markets, 2. government corrects markets, 3. government distorts markets, 4. government supplements … Continue reading Must-Read: Mark Thoma: The Problem with Completely Free Markets