Market Corrections Not Government Interventions

Clifford Winston is a senior fellow in the economic studies program at the Brookings Institution. He is author or editor of several books, including Reforming Occupational Licensing in the US.

• Chapter 1. Introduction.- Part I. Government Failure.- Chapter 2. Defining and Measuring Government Failure.- Chapter 3. Government Policies, Institutions, and Benchmarks for Assessing Government Performance.- Chapter 4. Empirical Evidence of Government Failures.- Chapter 5. The Failure to Explain Government Failure.- Part II. Market Corrections.- Chapter 6. Defining and Illustrating Market Corrections.- Chapter 7. Empirical Evidence of Market Corrections to Solve Economic and Social Goals.- Chapter 8. An Assessment of and Ongoing Challenges for Market Corrections.- Part III. Implications for Economists and Policymakers.- Chapter 9. Implications for Economists.- Chapter 10. Implications for Public and Private Sector Policymakers.