Abstract
It is in the nature of modern debates about the role (and extent) of government intervention that the contending extremes (laissez faire versus socialist — though in unhelpful confusion we now have laissez faire socialists and anarchists from the left and laissez faire libertarian neo-conservatives from the right!) treat any leaning to one side or the other as an endorsement or vilification of their ideas. Therefore it is not sensible to leave aside Smith’s recognition of the manifest failures of government and its agencies to perform the roles they assumed in the 18th century.
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© 2005 Gavin Kennedy
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Kennedy, G. (2005). Government Failure. In: Adam Smith’s Lost Legacy. Palgrave Macmillan, London. https://doi.org/10.1057/9780230511194_56
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DOI: https://doi.org/10.1057/9780230511194_56
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-52484-6
Online ISBN: 978-0-230-51119-4
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