Noah Smith has a short article at Bloomberg View about how free market proponents make a play for the null hypothesis; he convincingly argues that maybe economists should be more amenable to not having to prove market failure.
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With an unbiased prior, market failure is the…
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Noah Smith has a short article at Bloomberg View about how free market proponents make a play for the null hypothesis; he convincingly argues that maybe economists should be more amenable to not having to prove market failure.