Economics Dictionary of ArgumentsHome
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| Government Failure - Economics Dictionary of Arguments | |||
| Government failure: Government failure in economics occurs when government intervention in the market leads to an inefficient allocation of resources, worsening the situation rather than improving it. This can happen due to poor policy design, bureaucratic inefficiencies, rent-seeking, or unintended consequences that distort economic outcomes and reduce societal welfare. See also Government policy, Bureaucracy, Welfare, cf. Market failure._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Buchanan, James M. | Government Failure | Buchanan, James M. | |
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Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2026-06-08 | |||
