They [free market policies] were never based on solid empirical and theoretical foundations, and even as many of these policies were being pushed, academic economists were explaining the limitations of markets for instance, whenever information is imperfect, which is to say always.
![They [free market policies] were never based on solid empirical and theoretical foundations, and even as many of these policies were being pushed, academic economists were explaining the limitations of markets for](http://cdn.quoteddaily.com/images/joseph-stiglitz/they-free-market-policies-were-never-based-on-solid-empirical-and-theoretical-foundations-and-even-as-many-of-these-policies.jpg)