Armchairs,
The tide has been changing in recent decades, and it seems to me that the
discourse on "market failures" is fading...
But what about "political market failures" --if politics can be seen as a
market, that is. The public/social choice pessimism on collective decision
making looks pretty much like a "failure" kind argument... but is that the
case?
Why does Donald Wittman's (cfr "The mith of democratic failure") arguments
are ipso facto ruled out as "naive panglossian view of the markets" by some
scholars?
Who else is doing political economy work in Wittmanian lines? Who has
elaborated the best rebuttal to Wittman?
Etch
