Government Intervention

Aneel Karnani

Chapter Chapter 7 in Fighting Poverty Together, 2011, pp 185-232 from Palgrave Macmillan

Abstract: Abstract There is ideological debate in economics and the political realm over the role of business versus government, with the political right preferring free markets and a minimal role for the state, and the political left preferring a much larger role for the state. The political right appears to have a blind spot about market failure in public goods and in achieving equity; the political left appears to have a blind spot about the need for reforms in the public sector given the way it has performed in most developing countries. The right is blind to market failure; the left is blind to government failure. Rather than engaging in this debate, it is more useful to discuss the roles for business and government in a particular context.

Keywords: Market Failure; Consumer Surplus; Social Marketing; Public Organization; Cash Transfer (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-12023-5_7

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DOI: 10.1057/9780230120235_7

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