Document Type

Article

Journal/Book Title/Conference

Economic Research Institute Study paper

Publisher

Utah State University

Publication Date

9-1-1985

First Page

1

Last Page

90

Abstract

As a general rule, economists seldom advocate policy options. They prefer to discuss advantages and disadvantages. Primarily, this is because of an inherent belief that the market does provide for an efficient allocation of goods and services for those participating in that particular market. However, it is widely recognized that the market will not allocate efficiently if certain impediments exist. Furthermore, in situations where the market cannot reflect true social costs and benefits, some corrective actions may be required.


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