Markets’ reputation took a big hit after 2008. Before then, markets were the go-to solution for everything from climate change to education. Now, they’re out of fashion— barely trusted to price the shares of publicly traded companies.  For example, it’s widely agreed that stock markets are too short-term in their outlook — that they care too much about short term earnings. It’s an idea found in The Irish Times, The Wall Street Journal and everywhere in between.  Markets’ focus on short term profit is, it’s said, a reason to distrust their judgement. For sound long-term decisions, it’s better to rely on regulators or company managers. Markets’ supposed…

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