Jacob S Hacker, Paul Pierson
The article discusses the so-called "mixed economy" in the U.S., where markets play the dominant role in producing and allocating goods and innovating to meet consumer demand. Topics discussed include the case of innovation started by electronics firm Apple Inc. and the role it played in U.S. mixed economy, the important role of capitalism in mixed economy in the U.S. and failure associated with what economists call as "public goods."