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Roles of government in a mixed economy
Author(s) -
Nelson Richard R.
Publication year - 1987
Publication title -
journal of policy analysis and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.898
H-Index - 84
eISSN - 1520-6688
pISSN - 0276-8739
DOI - 10.2307/3323507
Subject(s) - government (linguistics) , mixed economy , business , economics , economic system , market economy , philosophy , linguistics
This essay argues that market failure analysis provides an unsubstantial basis for assessing the kinds of things governments should be doing if they could do them well, and modern public choice theory an inadequate guide to obstacles to effective governmental action. The argument is supported by analysis of political rhetoric and actual policy in two arenas: support of R&D, and help for poor children.