Title: Government Failure and Its Countermeasures From the Perspective of Public Choice
Abstract: The public choice theory holds the view that the selfinterest of government is the important reason for government failure.A system should be established to control the selfinterest of government.The economic power and legislation of government should be limited and the supervision should be strengthened.On the other hand,competition and marketization mechanism should be introduced in government,and the monoply of adminstration should be broken.The rule by law and marketization operation could help to improve the efficiency of government intervention.
Publication Year: 2007
Publication Date: 2007-01-01
Language: en
Type: article
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