E-Book Overview
Written by Clifford Winston (senior fellow in Economic Studies, Brookings Institution), Government Failure Versus Market Failure: Microeconomics Policy Research and Government Peformance examines three decades of empirical evidence in search of the answers to a critical question: When should government intervene in market activity, and when is it better to allow market forces to operate without interference? Chapters discuss such topics as antitrust regulations, policies intended to correct market failures, common Achilles heels of social goals policies, and much more. Drawing heavily upon the accumulated data, Government Failure Versus Market Failure strives to give today's economic policymakers and politicians recommendations for optimal success in future strategies to promote optimal well being both in terms of social and free-market interests. Highly recommended.
E-Book Content
Government Failure versus Market Failure Microeconomics Policy Research and Government Per formance Clifford Winston AEI-Brookings Joint Center for Regulatory Studies 00-9389-2 FM 9/7/06 1:59 PM Page i Government Failure versus Market Failure 00-9389-2 FM 9/7/06 1:59 PM Page ii 00-9389-2 FM 9/7/06 1:59 PM Page iii Government Failure versus Market Failure Microeconomics Policy Research and Government Performance Clifford Winston aei-brookings joint center for regulatory studies Washington, D.C. 00-9389-2 FM 9/7/06 1:59 PM Page iv Copyright © 2006 by AEI-Brookings Joint Center for Regulatory Studies, the American Enterprise Institute for Public Policy Research, Washington, D.C., and the Brookings Institution, Washington, D.C. All rights reserved. No part of this publication may be used or reprod