Colin Henderson's personal annotations on this page
First, how far will the balance shift from markets to governments? Industrial nations’ governments are getting more involved in modes of production, exchange and distribution – see the US, long committed to minimum state involvement. The drivers of more government involvement in markets are primarily non-commercial. Entry is dictated by a desire to offset market failures; and exit is often delayed by the lobbying of those favourably impacted by such interventions.
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First, how far will the balance shift from markets to governments? Industrial nations’ governments are getting more involved in modes of production, exchange and distribution – see the US, long committed to minimum state involvement. The drivers of more government involvement in markets are primarily non-commercial. Entry is dictated by a desire to offset market failures; and exit is often delayed by the lobbying of those favourably impacted by such interventions.
This link has been bookmarked by 3 people . It was first bookmarked on 16 Jun 2009, by Colin Henderson.
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Colin HendersonFirst, how far will the balance shift from markets to governments? Industrial nations’ governments are getting more involved in modes of production, exchange and distribution – see the US, long committed to minimum state involvement. The drivers of more government involvement in markets are primarily non-commercial. Entry is dictated by a desire to offset market failures; and exit is often delayed by the lobbying of those favourably impacted by such interventions.
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First, how far will the balance shift from markets to governments? Industrial nations’ governments are getting more involved in modes of production, exchange and distribution – see the US, long committed to minimum state involvement. The drivers of more government involvement in markets are primarily non-commercial. Entry is dictated by a desire to offset market failures; and exit is often delayed by the lobbying of those favourably impacted by such interventions.
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