Saturday, January 8, 2011
Government failure as a market failure as no failure at all
Some people say that there are government failures rather than market failures. However, one could ask how is that a already-so-well-working market allows for a failing government to appear and grow up. Or maybe, a failing State is not but a stage in the institutional development in the way of an ever-improving market.
Labels:
government,
praxeology,
semantics,
spontaneus order
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