Journal of Economic Literature
Rilinger, Georg. Failure by Design: The California Energy Crisis and the Limits of Market Planning
2026-08-31
Peter Cramton of University of Maryland reviews “Failure by Design: The California Energy Crisis and the Limits of Market Planning” by Georg Riling. The Econlit abstract of this book begins: “Develops a theoretical framework for studying designer markets as planned structures, considering what lessons can be drawn from California's energy crisis.”