Lindblom - The Market System - Afghan Journalists' Committee

284 NotesChapter 11. InefficienciesOn the fears and predictions of environmental catastrophe fromspillover from the World Resources Institute and other organizations,see William E. Halal and Kenneth B. Taylor, editors,Twenty-First Century Economics: Perspectives of Economics for aChanging World (New York: St. Martin’s, 1999) 189 f.On spillovers, Sharon Beder presents the evidence in herGlobal Spin: The Corporate Assault on Environmentalism (WhiteRiver Junction, Vt.: Chelsea Green, 1998) that corporations are notsimply inattentive but aggressively hostile to environmental protection.On the magnitude of the problem in China, see Lin Binyanand Perry Link, “The Great Leap Backward,” New York Review ofBooks, October 8, 1998, 19–23. To see that spillovers are not aproblem limited to heavy or smokestack industry, see how theyappear in Silicon Valley in Aaron Sachs, “Virtual Ecology,” WorldWatch, January–February 1999, 12–21.On inequality, see United Nations Development Programme,Human Development Report, 1997 (New York: Oxford UniversityPress, 1997), and Cass R. Sunstein, Free Markets and Social Justice(Oxford: Oxford University Press, 1997).On questionable or unacceptable entrepreneurial motivation,the references to illegal operations in the United Kingdom, France,Japan, and Germany are from David Vogel, Kindred Strangers: TheUneasy Relationship Between Politics and Business in America(Princeton, N.J.: Princeton University Press, 1996), 92ff and 102ff.On corruption, see Susan Rose-Ackerman, Corruption and Government:Causes, Consequences, and Reform (London: CambridgeUniversity Press, 1999).Chapter 12. Too Little, Too LateI recognize that many economists treat prior allocations as nothaving any consequences for efficiency but only for equity in distribution.Because market interchanges are voluntary, some economistssee them as moving toward a situation, as in our game, inwhich everyone is better off for having engaged in them and inwhich, as at the end of the game, there are no further opportunities