Most Recent Articles from Challenge

• Letter from the editor 

  THIS ENTIRE ISSUE IS DEVOTED TO THE FAILURES OF THE MARKET. Our premise is simple. The resurgence of what Nobel laureate George Akerlof refers to...

  11/01/02 · More from publication

• On making economics realistic - The Market Failures Issue 

  Q You presented in your Nobel Prize acceptance speech a broad criticism of conventional economics based on your own work in asymmetric information...

  11/01/02 by George Akerlof · More from publication

• Why there is chronic excess capacity - The Market Failures Issue 

  IN THE AFTERMATH OF THE GREAT DEPRESSION WORLD WAR II, national economies, even those in which markets played a very powerful role, were placed...

  11/01/02 by James Crotty · More from publication

• The feminist challenge to economics - The Market Failures Issue 

  WHEN ASKED TO SPEAK ON THE SUBJECT OF "WOMEN AND FICTION," Virginia Woolf once mused that the suggestion may have meant for her to discuss "women...

  11/01/02 by Ann Mari May · More from publication

• Destabilizing an Unstable Economy - The Market Failures Issue 

  IN HIS 1986 BOOK, STABILIZING AN UNSTABLE ECONOMY, Hyman Minsky argued that the major flaw of modem capitalism is that it is unstable. But Minsky...

  11/01/02 by Charles Whalen · More from publication

• The run-up in home prices: a bubble - The Market Failures Issue 

  IN THE LATE 1980s, JAPAN EXPERIENCED A SIMULTANEOUS BUBBLE in its stock market arid its real estate market. The collapse of these bubbles has...

  11/01/02 by Dean Baker · More from publication

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