Government‐induced market failure: A note on the origins of FHA mortgage insurance

Critical Review 8 (1):61-71 (1994)
The conventional wisdom regarding the creation of federal housing programs during the Great Depression cites market failure as the key factor leading to government action. A review of the historical record regarding one program in particular, the Federal Housing Administration's insurance of real?estate mortgages, suggests a more complex picture. Amortized loans were not created anew by the FHA but had been developed previously by various financial institutions; their use by national banks was restricted by law. What market failure occurred seems to have been induced, at least in part, by the federal government.
Keywords No keywords specified (fix it)
Categories (categorize this paper)
DOI 10.1080/08913819408443324
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history
Request removal from index
Download options
Our Archive

Upload a copy of this paper     Check publisher's policy     Papers currently archived: 29,520
External links

Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library
References found in this work BETA

Add more references

Citations of this work BETA

No citations found.

Add more citations

Similar books and articles
Market Failure.David Schmidtz - 1993 - Critical Review 7 (4):525-537.
Are Banking Crises Free‐Market Phenomena?George Selgin - 1994 - Critical Review 8 (4):591-608.
Why Shouldn't Insurance Companies Know Your Genetic Information?Neil A. Manson - 2007 - Journal of Philosophical Research 32 (Supplement):345-356.
Medicine and the Market: Equity V. Choice.Daniel Callahan - 2006 - Johns Hopkins University Press.
Communication as Commodity: Should the Media Be on the Market?Rutger Claassen - 2011 - Journal of Applied Philosophy 28 (1):65-79.
The Dual Labor Market of the Criminal Economy.Kevin B. Bales - 1984 - Sociological Theory 2:140-164.
John Stuart Mill on Health Care Reform.Sean Donaghue Johnston - 2011 - Social Philosophy Today 27:63-74.
Added to PP index

Total downloads
5 ( #607,107 of 2,180,839 )

Recent downloads (6 months)
1 ( #299,822 of 2,180,839 )

How can I increase my downloads?

Monthly downloads
My notes
Sign in to use this feature

There  are no threads in this forum
Nothing in this forum yet.

Other forums