2004•Unpublished venueRequires access

New Political Economy Analysis of Government Failure

Shi Xiao-ning

Abstract

Government failure is very common phenomenon for modern market-economy nations in government intervention.New political economy is based on the Public Choicet.The theory provides a new angle for analyzing today's government failure. It has specific significance to explain and enhance government's economical management and authoritative allocation of social value.

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Key concepts: Government failure, Government (linguistics), Market failure, Economic interventionism, Politics, Phenomenon, Value (mathematics), Intervention (counseling)