Market or Government - The Choice Between Imperfect Alternatives

Author: Wolf
Publisher:
Publish Date: 2007-01-01
Features: This book is one of the series on the study of contemporary capitalism and is a practical theoretical monograph on market economics research. The author argues that whether it is the market or the government, while performing their functions, they both have inherent flaws determined by their genes. Both market failure and non-market failure can occur. Therefore, the fundamental economic choice of society is complex and multifaceted. It is neither a choice between a complete market and an incomplete government, nor a choice between an incomplete market and a complete government; rather, it is an incomplete combination between an incomplete market and an incomplete government, and a choice between the two. Market or government? "The invisible hand" or "the visible hand"? In the socio-economic life, can only one of the two exist? "The choice between imperfect alternatives," as the subtitle of this book actually answers this question. Whether it is the market or the government, while performing their functions, they both have inherent flaws determined by their genes. Both market failure and non-market failure can occur. Therefore, the fundamental economic choice of society is complex and multifaceted. It is neither a choice between a complete market and an incomplete government, nor a choice between an incomplete market and a complete government; rather, it is an incomplete combination between an incomplete market and an incomplete government, and a choice between the two. This book is one of the series on the study of contemporary capitalism and is a practical theoretical monograph on market economics research. The author argues that whether it is the market or the government, while performing their functions, they both have inherent flaws determined by their genes. Both market failure and non-market failure can occur. Therefore, the fundamental economic choice of society is complex and multifaceted. It is neither a choice between a complete market and an incomplete government, nor a choice between an incomplete market and a complete government; rather, it is an incomplete combination between an incomplete market and an incomplete government, and a choice between the two.