What Is an Imperfect Market?

The basic economic choices of society are complex and multifaceted. It is neither a choice between a complete market and an incomplete government, nor a choice between an incomplete market and a complete government; on the contrary, it is an incomplete combination between an incomplete market and an incomplete government. A choice between the two.

The market or the government-the choice between imperfect alternatives

The basic economic choices of society are complex and multifaceted. It is neither a choice between a complete market and an incomplete government, nor a choice between an incomplete market and a complete government; on the contrary, it is an incomplete combination between an incomplete market and an incomplete government. A choice between the two.

Book title

The market or the government-the choice between imperfect alternatives

Author

(US) Charles Wolf Xu Chongwen

ISBN

9787536682986

Fixed price

$ 27.00

Publishing house

This book is one of the series on contemporary capitalism research. It is a practical theoretical monograph on market economics research. The author believes that whether it is the market or the government, at the same time that it is functioning, there are defects determined by its own genes. Both market failures and non-market failures can occur.

The market or the government? "Invisible hand" or "tangible hand"? In social and economic life, can the two be the only one? "The imperfect choice between alternatives", the subtitle of this book This question has actually been answered. Regardless of whether it is the market or the government, while it is functioning, it has its own genetically determined defects. Both market failures and non-market failures can occur. Therefore, the basic economic choices of society are complex and multifaceted. It is neither a choice between a complete market and an incomplete government, nor a choice between an incomplete market and a complete government; on the contrary, it is an incomplete combination between an incomplete market and an incomplete government. A choice between the two. ^[1]

Absorb and draw on all the achievements of civilization created by a capitalist society, and build a socialism superior to capitalismfor the publication of the Contemporary Capitalism Research Series

Foreword

Thanks

Chapter I Basic Economic Options

Chapter II Market Failure

Insufficient market

Types of market failures

Externality and public goods

Incremental return

Market imperfections

Distribution fair

Chapter III Non-Market Failure: Conditions of Supply and Demand

Market failure and government intervention

Non-Market: Supply and Demand Characteristics

Non-market demand conditions

Awareness and demand for non-market action

Cognition and reality: an explanation of a formula

Conditions of non-market supply

Chapter 4 Non-Market Failures: Types, Origins, and Mechanisms

Non-market supply and demand and the equilibrium between the two

Causes and types of non-market failures

Immanence and organizational goals

Specific institutional motto

Derived externality

Unfair distribution

Comparison of market failure and non-market failure

Non-profit organization between market and non-market

The link between market failures and non-market failures

Chapter V Non-Market Failure and Public Policy Analysis

Chapter 6 Comparison of Market and Non-Market Choices: General

The complexity of market versus non-market comparisons

Comparative non-economic aspects

Chapter 7: Comparison of Market and Non-Market Choices

Persuasion and disadvantages of quantitative comparison

Micro and macro comparison

Chapter 8 Conclusion: Choice between Market and Government

Selection guidelines

Static and dynamic efficiency

Consideration of fairness

Social and political dimensions: participation and responsibility

The role of government in improving and expanding markets

The role of government in transforming the prescriptive system into a market economy

The potential role of market forces in improving government functions

Market and non-market systems: dilemmas and dilemmas

Appendix I Non-Market Demand, Supply and Equilibrium

Non-market demand function

Non-market supply function

Non-market equilibrium and non-market failure

Appendix II Comparison Table of Public and Private Service Supply

bibliography

index

Postscript

The market or the government? "Invisible hand" or "tangible hand"? In social and economic life, can the two be the only one? "The imperfect choice between alternatives", the subtitle of this book This question has actually been answered. Regardless of whether it is the market or the government, while it is functioning, it has its own genetically determined defects. Both market failures and non-market failures can occur. Therefore, the basic economic choices of society are complex and multifaceted. It is neither a choice between a complete market and an incomplete government, nor a choice between an incomplete market and a complete government; rather, it is an incomplete combination between an incomplete market and an incomplete government, A choice between the two.