A little microbe that markets cannot help with

Thomas Lines ()

International Journal of Pluralism and Economics Education, 2021, vol. 12, issue 1, 55-59

Abstract: This essay discusses the British Government's policy for testing and tracing corona virus cases, as it evolved in England during 2020. A new centralised national system was created to be implemented by private companies under arrangements of patronage that were commercial in nature but not market-based. The merits and demerits of this approach are considered against a framework of three archetypal principles of economic organisation: democracy, authority, and exchange. The conclusions draw attention to the implications for wider economic theory regarding the efficiency of operations in this and similar spheres.

Keywords: corona virus; COVID-19; pandemic; public health; testing; tracing; outsourcing; economic organisation; markets; democracy; authority; exchange. (search for similar items in EconPapers)
Date: 2021
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