2012Journal of Jining UniversityRequires access

Inspiration to government failure correction in our country from the Theory of Public Choice

Zhou Yi

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Abstract

With the development of government intervention in the economy,the following government failure is not weaker than market failure problem.China's basic socialist system determines that our government should keep more control over the market economy than in Western countries.How to handle the relationship between the government and the market,correct understanding of government failure,prevent and solve the problems is bound to have great research value and significance.At this stage China's market economy is developing rapidly,and our society is going into the transition period.The findings of public choice theory can give useful inspiration to the government failure correction in our country.

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With the development of government intervention in the economy,the following government failure is not weaker than market failure problem.China's basic socialist system determines that our government should keep more control over the market economy than in Western countries.How to handle the relationship between the government and the market,correct understanding of government failure,prevent and solve the problems is bound to have great research value and significance.At this stage China's market economy is developing rapidly,and our society is going into the transition period.The findings of public choice theory can give useful inspiration to the government failure correction in our country.

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Available abstract

With the development of government intervention in the economy,the following government failure is not weaker than market failure problem.China's basic socialist system determines that our government should keep more control over the market economy than in Western countries.How to handle the relationship between the government and the market,correct understanding of government failure,prevent and solve the problems is bound to have great research value and significance.At this stage China's market economy is developing rapidly,and our society is going into the transition period.The findings of public choice theory can give useful inspiration to the government failure correction in our country.

Key concepts: Government failure, Market failure, Government (linguistics), China, Economic interventionism, Socialist market economy, Public choice, Economics

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