Autor: Gunnar Trumbull

In the early 1990s, French officials viewed with some concern the emerging and innovative high-technology sectors of the U.S. and British marketplace. Fearful of falling too far behind, the French go …

‘The unfettered marketplace, in which uncertainty rules and the admonition caveat emptor (‘let the buyer beware’) dictates each consumer decision, has today virtually disappeared. Consumers have beco …

Consumers feel powerless in the face of big industry, and the dominant view of economic regulators agrees with them. Trumbull argues that this represents a misreading of the historical record and the …

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Many consumers feel powerless in the face of big industry’s interests. And the dominant view of economic regulators (influenced by Mancur Olson’s book The Logic of Collective Action, published in 196 …