Roles of government in a mixed economy

Richard Nelson

Journal of Policy Analysis and Management, 1987, vol. 6, issue 4, 541-566

Abstract: 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.

Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jpamgt:v:6:y:1987:i:4:p:541-566

DOI: 10.2307/3323507

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