Reconsideration on the Efficiency of Government Intervention in Economy in the View of Public Choice Theory

In the 30 years of Reforming and Opening,with constant development of the market economy,higher demands have been raised for the efficiency of government intervention in economy.The Government Failure theory issued by the school of Public Choice is a theoretical rethinking on the government-market relations in the development of market economy of the western countries.Though it may have its flaws,it has pointed out the commonness of government-market relations under the condition of market economy,thus it may provide a significant inspiration and act as an important reference for managing the government-market relations,improving the efficiency of government intervention in economy,and avoiding government failure in the process the developing socialist market economy.