On Overcoming of Government Failure in View of Economic Law
Song Guo-qiang
Abstract
Song Guo-qiang
Abstract
Market failure for the government's active intervention to be necessary,but we also found that government intervention in the economy is not always positive and effective.As the Government's limited rationality coupled with the nature of economic man as easily fall into the quagmire of failed intervention,that there are failures of government intervention in the same objective may be.It is because of market failure and government failure to construct the dual dilemma of economic law was the logical starting point.In this paper,the theme of government failure,the first from government failure in China mainly as an entry point,and then analyze the causes and economic law from the standpoint of preventive measures designed to make government intervention in economic law to achieve the government's regulatory functions positive interaction and marketing functions.
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Market failure for the government's active intervention to be necessary,but we also found that government intervention in the economy is not always positive and effective.As the Government's limited rationality coupled with the nature of economic man as easily fall into the quagmire of failed intervention,that there are failures of government intervention in the same objective may be.It is because of market failure and government failure to construct the dual dilemma of economic law was the logical starting point.In this paper,the theme of government failure,the first from government failure in China mainly as an entry point,and then analyze the causes and economic law from the standpoint of preventive measures designed to make government intervention in economic law to achieve the government's regulatory functions positive interaction and marketing functions.
Key concepts: Government failure, Economic interventionism, Market failure, Government (linguistics), Intervention (counseling), Dilemma, Rationality, Economic law