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The Era of Market Triumphalism

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Questions and Answers

What was the primary ideology that guided economic policy-making during the era of market triumphalism?

Socialist reforms

Government intervention and regulation

Market-oriented liberalism (correct)

Environmental protectionism

Who were the two political leaders that played a key role in inaugurating the era of market triumphalism?

Ronald Reagan and Bill Clinton

Bill Clinton and Tony Blair

Margaret Thatcher and Tony Blair

Ronald Reagan and Margaret Thatcher (correct)

What was the consequence of the financial crisis on the era of market triumphalism?

It had no impact on the era of market triumphalism

It led to a strengthened faith in the ability of markets to allocate risk efficiently

It led to a shift towards socialist economic policies

It marked the end of the era of market triumphalism (correct)

What is the primary critique of the solution that involves reins in greed and promoting greater integrity and responsibility among bankers and Wall Street executives?

It is insufficient to address the scale of the problem Signup and view all the answers

What is the central theme of the argument that the era of market triumphalism has come to an end?

The need to rebalance the relationship between markets and morals Signup and view all the answers

What is the primary concern that the author expresses about the expansion of markets?

The expansion of markets into spheres of life where they don't belong Signup and view all the answers

Which of the following is NOT an example of the reach of markets into traditionally nonmarket spheres?

The provision of public education through government-run schools Signup and view all the answers

What is the intended outcome of the public debate about the role of markets in society?

To rethink the role that markets should play in our society Signup and view all the answers

What is the author's main concern about the buying and selling of 'naming rights' to parks and civic spaces?

The commercialization of public spaces Signup and view all the answers

What is the author's view on the current system of campaign finance?

It comes close to permitting the buying and selling of elections Signup and view all the answers