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Roles of government in a mixed economy

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  • Richard R. Nelson
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    Abstract

    This essay argues that market failure analysis provides an unsubstantial basis for assessing the kinds of things governments should be doing if they could do them well, and modern public choice theory an inadequate guide to obstacles to effective governmental action. The argument is supported by analysis of political rhetoric and actual policy in two arenas: support of R&D, and help for poor children.

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    File URL: http://hdl.handle.net/10.2307/3323507
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    Bibliographic Info

    Article provided by John Wiley & Sons, Ltd. in its journal Journal of Policy Analysis and Management.

    Volume (Year): 6 (1987)
    Issue (Month): 4 ()
    Pages: 541-566

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    Handle: RePEc:wly:jpamgt:v:6:y:1987:i:4:p:541-566

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    Web page: http://www3.interscience.wiley.com/journal/34787/home

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    Cited by:
    1. Richard O. Zerbe & Howard E. McCurdy, 1999. "The failure of market failure," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 18(4), pages 558-578.
    2. Justman, Moshe & Teubal, Morris, 1995. "Technological infrastructure policy (TIP): Creating capabilities and building markets," Research Policy, Elsevier, Elsevier, vol. 24(2), pages 259-281, March.
    3. Paulus, Alari & Sutherland, Holly & Tsakloglou, Panos, 2009. "The Distributional Impact of In Kind Public Benefits in European Countries," IZA Discussion Papers 4581, Institute for the Study of Labor (IZA).
    4. Teubal, Morris, 1997. "A catalytic and evolutionary approach to horizontal technology policies (HTPs)," Research Policy, Elsevier, Elsevier, vol. 25(8), pages 1161-1188, January.

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