The Failure of the Market III: Quantity

Abstract

The quantity of welfare services available to the consumer in a system of free enterprise is deficient when compared with the situation prevailing in a Welfare State. There are in America, despite the prevalence of the market, a number of shortages and bottlenecks in the sphere of what in Britain has been politicised into social policy. Three examples from the world of medical care illustrate the logic that led Titmuss to conclude that American capitalism had not performed well in the field of quantity supplied.