In this article, the authors criticize the expansion of government to correct market failures. Primary focus is given to the moral aspects of free enterprise and government expansion, with the authors criticizing the notion that markets are inherently immoral and propelled by self-interest while...

Abstract: Die Märkte für die Dienstleistungen Freier Berufe, dargestellt am Beispiel der Ärzte, Rechtsanwälte und Architekten, nehmen in dem marktwirtschaftlichen System Deutschlands aufgrund vielfältiger Marktzugangs- und Verhaltensvorschriften eine Sonderstellung ein. Nach einem Blick auf...

Within the field of innovation studies, researchers have identified several market failures that hamper investment in R&D, innovation and growth in a market economy. Several policies such as government subsidies, tax deductions, soft loans, and public venture capital provided to firms that...

One of the priority areas of the Legislative-Executive Development Advisory Council (LEDAC) and the Duterte administration is to implement a rightsizing of the bureaucracy through House Bill No. 5707 (HB 5707), and Senate Bill No. 1395 (SB 1395). This reform aims to create a leaner, efficient...

The economic approach to politics revolutionized the way scholars in economics and political science approached the study of political decision-making by introducing the possibility of government failure. However, the persistent and consistent application of neoclassical models of economics also...