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In his book published in 2010, Joseph Stiglitz, a Nobel Prize-winning economist, arguesthat 'I believe that markets lie at the heart of every successful economy

In his book published in 2010, Joseph Stiglitz, a Nobel Prize-winning economist, arguesthat 'I believe that markets lie at the heart of every successful economy but that markets do not work well on their own...Government needs to play a role, and not just rescuing theeconomy when markets fail and in regulating markets to prevent the kinds offailures...Economies need a balance between the role of markets and the role of government...' (Stiglitz 2010: xii) Agree or Disagree? Discuss with empirical evidence.

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