They [free market policies] were never based on solid empirical and theoretical foundations, and even as many of these policies were being pushed, academic economists were explaining the limitations of markets - for instance, whenever information is imperfect, which is to say always. (Joseph Stiglitz)

They [free market policies] were never based on solid empirical and theoretical foundations, and even as many of these policies were being pushed, academic economists were explaining the limitations of markets - for instance, whenever information is imperfect, which is to say always.

Joseph Stiglitz

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