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In short, markets work well.
Economic theory – when do markets work well?
Markets work well only with clear governance, something that many developing countries lack.
The OFT is a government department that aims to make markets work well for consumers.
Even if the credit markets work well, the rich economies will slow as the asset-price bubble pops.
When markets work well, the prices reflect an average of many people's private opinions, weighted by how confident they are.
Similar(35)
As Chairman Volcker has emphasized, U.S. markets worked well for 60 years under a much tougher Glass-Steagall separation of commercial banking from investment banking, including strong limits on bank participation in commodities.
In normal times, the free market works well.
The department has also said that because the market works well today, new rules could actually increase instability.
And, though the online job market works well for workers and employers who know what they want, it works badly for the vague or tentative.
Darlene Popovic San Francisco, March 18 , 2008 To the Editor: Re "The Bailout Artists" (column, March 18): David Brooks asserts: "In normal times, the free market works well.
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