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Politics : View from the Center and Left
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To: Lane3 who wrote (68097)5/23/2008 8:55:01 PM
From: Mary Cluney  Read Replies (1) of 543207
 
<<<Since you're taking an interest in him, you might want to look at the concept of moral hazard in the context of single-payer. It's key to my concerns about it, as I've argued many times.>>>

Stiglitz is the second most cited economists in the world, as of 2008.

the Greenwald-Stiglitz theorem posits market failure as the norm, establishing "that government could potentially almost always improve upon the market's resource allocation." And the Sappington-Stiglitz theorem "establishes that an ideal government could do better running an enterprise itself than it could through privatization"[13] (Stiglitz 1994, 179).
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