imperfection of market

Despite the imperfections of markets, I am more than willing to put my trust in their power than in the state.

Stiglitz shared a Nobel Prize last year for his work analyzing the imperfections of markets.

A. Michael Spence (1966), shared 2001 Nobel Memorial Prize in economics for his research on the imperfections of market systems.

Three American economists were awarded the 2001 Nobel Memorial Prize in Economic Science yesterday for their pioneering research in the shortcomings and imperfections of market systems.