Market Limitations Quotes

The free market is the most efficient for utilizing resources and responding to needs, but there are many human needs which find no place on the market.

"Free markets" is a very general term. There are all sorts of problems that will emerge. Free markets work best when the transaction between two individuals affects only those individuals. Most often, a transaction between you and me affects a third party. That is the source of all problems for government. That is the source of all pollution problems, of the inequality problem. This reality ensures that the end of history will never come.

The market is no god - it cannot solve every problem.

Markets can do certain things, but markets cannot do other things

The market alone can't solve our health-care woes.

In the U.S., we didn't have scale, and without scale, it's difficult to operate.

I think on the efficiency level, not only the distribution level, capitalism is a flawed system. It probably has the same virtues as Churchill attributed to democracy: It's the worst system except for any other. And I think that's right, but it cannot be thought that some unmitigated belief in free markets is a cure even from the efficiency point of view.

The market doesn't make communities. Markets make networks of self-interested individuals, and they work as long as there's more than enough to go around.

There is no good reason for our cattle producers to have such limited market access. Our beef is the best in the world, and we need to be allowed to reach global markets.

One of the challenges for sub-Saharan Africa is that markets are of modest size. This makes regional integration important.

I think the mainstream gaming industry has a very narrow focus on the young male audience. There are plenty of other people out there who enjoy playing games, but if you walk into most game stores, there's nothing on the shelf for them. I mean, imagine if you could only buy cheeseburgers and nothing but cheeseburgers in every restaurant?

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.

When you do a film in a foreign language, you know there's a cost in it, that you know, unfortunately, the audiences of foreign language films have not been cultivated. There's a market, but the market has been reduced, unfortunately, and you know that when you're making a foreign language film, you're making a choice.

Shopping for guys in Toronto is a really tough thing because there's not a huge market for it.

I think that markets classically fail in cases where there are public goods that provide benefits that people cannot capture. The big debate is how big these public goods are, where they exist, things of that sort.

There are some things that we value as a public good that the markets can't deliver, like clean air.

Markets work best when there's lots of information available and a historical track record to go on; they excel at predicting things like horse races, election outcomes, and box-office results. But they're bad at predicting things like who will be the next Supreme Court nominee, as that depends on the whim of the president.

I think there's a lot of merit in an international economy and global markets, but they're not sufficient because markets don't look after social needs.

Isn't it interesting that markets are not just perfect? In business school and economic theory, you learn all about those perfect markets, and there's no such thing as a perfect market.

There are needs and common goods that cannot be satisfied by the market system.

The self-regulating mechanism of the market place cannot always be depended upon to produce adequate results in scientific research.

Markets can't think about anything beyond about three months. This is very long-term for markets, which is why the important things in life have got to be taken outside of the marketplace.

I had this question when we started: Is this something that's only going to work in New York City? And then, is it just in North America? Is it just in Western culture?

You simply couldn't make a living as an author if New Zealand was your only market.

The reason that the invisible hand often seems invisible is that it is often not there.