From: Anders Ekeland (anders.ekeland@ONLINE.NO)
Date: Thu Dec 23 2004 - 09:33:17 EST
I have a very vague feeling that Joan Robinson wrote something like: "There is nothing so planned as a free market", the interpretation being that markets are not inherently stable and need institutional regulation of some sort, like unions, public regulation, public intervention of various types. Or any other famous economist that have said that markets fundamentally needs regulation in order to function in an optimal way, i.e. contrary to the dogma of only to intervene when there is market failure (this concept being one of the greatest mysticisms ever created by a social theory) Regards Anders Ekeland
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