In which I pose myself a rhetorical question, and then answer it... Why Do Economists Ignore the Greatest of All Market Failures? Trevon D Logan: ’This is actually a deep point DeLong is making: we have not recognized the single largest market failure in the economy. And we rarely talk about it as a market failure at all.
Can one be a “public” intellectual if one requires all others to pay in order to hear your insights?