|inefficient or useless activity that has the false appearance of being productive; a favorite endeavor of liberals
|inefficient or useless activity that has the false appearance of being productive; a favorite endeavor of liberals
+
|-
+
|[[market failure]]
+
|1958<ref>Coined as the title of a scholarly article by Francis M. Bator, "The Anatomy of Market Failure," ''The Quarterly Journal of Economics'' (1958) [http://instruct1.cit.cornell.edu/Courses/econ335/out/bator_qje.pdf]
+
|instances where the free market does not provide a desirable result, as when information is withheld from an unsuspecting consumer