Download or read book The Hesitant Hand written by Steven G. Medema and published by Princeton University Press. This book was released on 2011-03-06 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author explores what has been perhaps the central controversy in modern economics from Adam Smith to today. He traces the theory of market failure from the 1840s through the 1950s and subsequent attacks on this view by the Chicago and Virginia schools.