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Marc Fouradoulas

Healthcare and “Market Failure”

December 27, 2019 by Counter Markets

By Marc Fouradoulas In the face of illness and suffering, private markets for healthcare services allegedly fail. Since the 1960s, neoclassical economists have legitimized the regulation and collectivization of this sector under the term "market failure." This assumption forms the foundation of the discipline of health economics and its attempt to replace the failed market … [Read more...] about Healthcare and “Market Failure”

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