WCA Blog

Climate change is the greatest market failure in history - but it's not the only one

Thursday, November 19, 2020

The phrase "the greatest market failure in history" comes from Nicholas Stern, author of the Stern Review on the Economics of Climate Change.

A Guardian article from 19-11-2020 by Robert Devine explains what is a "market failure" and shows how markets alone can never solve a problem like climate change. Also lots of good comments, for and against, following the article.

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