ABSTRACT
Those who believe that the market on its own is the most efficient way to allocate scarce resources would disagree with many of the previous suggested government measures. Giving free reign to the invisible hand of the market, they argue, is the best way to ensure the most desirable outcomes for society as a whole. In Section 1, and again in the introduction to Section 3, it was stated that over the last 30 years a far more sophisticated understanding of the market has developed that allows us clarity to see when markets may fail and when it may be beneficial for governments to act.
