Mark Pennington

Mark Pennington

Professor of Political Economy
King’s College, University of London

Dr. Mark Pennington is Professor of Political Economy at King’s College, University of London. He is the author of Robust Political Economy: Classical Liberalism and the Future of Public Policy. He holds a PhD from the London School of Economics.


Externalities: Market Failure or Political Failure?

According to Prof. Mark Pennington, externalities occur when private actors impose costs on other actors without paying appropriate compensation. Economists often use externality problems, such as pollution, to make arguments…

Can Government Solve the Paradox of Choice?

Are the choices provided by a market economy stressful? According to Prof. Mark Pennington, it can definitely be stressful to choose among several different options. In fact, Pennington himself is…