Economic inefficiency: A failure of economists

Michael Staten, John Umbeck

Research output: Contribution to journalArticlepeer-review

6 Scopus citations


Use of the concept of economic “efficiency” to guide public policy and even the courts has become almost commonplace. The authors conclude that it is impossible, using traditional microeconomic models, to demonstrate empirically that an outcome is inefficient; they suggest an appropriate role for economics in legal analysis.

Original languageEnglish (US)
Pages (from-to)57-72
Number of pages16
JournalJournal of Economic Education
Issue number1
StatePublished - 1989

ASJC Scopus subject areas

  • Education
  • Economics and Econometrics


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