My colleague Richard Morrison has a column up the Foundation for Economic Education that is well worth reading, even though it cites Fred Smith’s and my recent paper. The question he raises–why are markets unpopular?–is a good one.
Richard gives some good answers. I have plenty of my own thoughts on the matter, influenced by thinkers such as Michael Shermer, Matt Ridley, and James Buchanan. I hope to elaborate on them in the near future.
Read his whole column here.
Inertia Wins! 