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Lucas and his followers, she said, believe that markets function well on their own and that the effect of Keynesian economic policy can only be harmful.
It is in the interest of a big trading power to ensure that markets function well, and that its businesses are welcomed, not feared and distrusted especially when they have often done good.
Normally, credit markets function well.
Prediction markets function well when traders are numerous.
They are appropriate where food markets function well and the key constraint that households face is insufficient income.
As with cash transfers, these interventions are appropriate where local food markets function well and improving access to food is the objective.
Similar(54)
If health care markets functioned well in the U.S, HITECH would have been unnecessary.
Some of them have experienced problems with market clearance (Chile, Brazil, California) while other markets functioned well (The Nordic market).
A spokesman said: "CME Group futures markets functioned well on 6 May, despite volatile financial market conditions and apparent pricing problems in selected individual securities markets.
Flint said the fact that the markets functioned well this week, despite volumes surging to six times normal levels, showed that the regulatory changes since the 2008 financial crisis had left the UK's financial system in robust shape.
But the ranking Democrat on the committee, Rep. Maxine Waters (Calif ., suggested that the government still has a role to play in ensuring the housing market functions well for the majority of Americans.
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