content area Part 1 A book review in the Wall Street Journal quotes economics writer Robert Skidelsky: "The question, of course, is not whether government always succeeds but whether government failure is likely to be greater or lesser than the market failures it seeks to correct." Source: Deirdre N. McCloskey, "'Money and Government' Review: Please Don't Call It Socialism," Wall Street Journal, December 5, 2018. a. What does Skidelsky mean by "market failure," and what does he mean by "government failure"? When an economy fails to supply an economically efficient quantity of a good or service, a government failure market failure occurs, and when intervention in a market reduces rather than increases economic efficiency, a government failure market failure occurs