000			01092pab a2200157 454500
008			180718b xxu||||| |||| 00| 0 eng d
100			_aGrand, Julian Le
245			_aThe theory of government failure
520			_aThis article outlines a theory of government failure that parallels the more well-established theory of market failure. It builds on the work of the public choice school concerning the behaviour of governments under the assumption that all relevant agents pursue their self-interest. It examines the theoretical consequences for efficiency and equity of three kinds of government activity: provision, subsidy and regulation. The conclusion is reached that all three may creat inefficiency and inequity, but that the form and magniture of the failure will differ with the type of activity, hence it is import that the three are distinguishes. It is also emphasised that the extent of government failure in each case
650			_a Government
650			_a Failure
650			_a Theory
650			_aGovernment
773			_aBritish Journal of Political Science
909			_a1936
999			_c1936 _d1936