Anyone who tells you that markets left to their own devices always lead to socially beneficial outcomes

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“Anyone who tells you that markets left to their own devices always lead to socially beneficial outcomes is talking utter nonsense.” Do you agree with this statement? Defend your position.

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Managerial Economics Markets and the Firm

ISBN: 978-0618988624

2nd edition

Authors: William Boyes

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Question Posted: Sep 27, 2014 06:11 AM

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Anyone who tells you that markets left to their own devices always lead to socially beneficial outcomes

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Agree if there are no externalities and property righ...View the full answer

Managerial Economics Markets and the Firm

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