‘THE GREATEST AND WIDEST‐RANGING MARKET FAILURE EVER SEEN’: REALLY?

Arthur Ma

Economic Affairs, 2008, vol. 28, issue 3, 72-73

Abstract: In The Times on 31 October 2006, Sir Nicholas Stern was quoted as saying that climate change is the ‘greatest and widest‐ranging market failure ever seen’. Since it is such a topical issue, we asked students to respond to this claim. Here is the winning entry from the 2007 IEA Student Essay Competition.

Date: 2008
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