Submitted by sub123 on February 4, 2008

• Category: Miscellaneous
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Freedomnomics

The book “Freedomnomics” written by John Lott conveys to the readers how the market has its own mechanism of controlling itself and any intervention created by the humans is just another step to market failure. The book gives plenty of examples on issues like oil prices, price discrimination, investment in politics and how all these factors that the people think can be controlled by the government stabilizing prices and output are the main roots of market failure. Also, he has discussed about certain abstract things like honesty in the market that helps people sustain in the market in the long run and how dishonesty can profit people only in the short run and smartness does not pay in the...

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