When can we not improve upon market outcomes? Coase Theorem: Efficiency and Bargaining -- closely related to value maximization. First Welfare Theorem: Efficiency and the Price Mechanism -- using ...

Market failure occurs when internal and external factors prevent an economy from reaching ... of a resource may be efficient, it may not maximize overall social welfare or leave certain negatively ...

Free markets and free minds must push back against the mercantilist and populist policies associated with current Keynesians; ...

is based on the principles and ideas of welfare economics and concerns overall social welfare efficiency, not simply economic market efficiency. As societies get richer, they don’t necessarily get ...

Private market–based decision making fails to yield efficient outcomes from a general welfare perspective. These economists recommended government intervention to correct for the effects of ...

The anti–free market views of the Trump administration's antitrust enforcers are coming into full view, and it's boding ...

Last month, Department of Government Efficiency (DOGE ... and tax breaks that fall under the umbrella of corporate welfare.