We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Teorias de mercado e regulação: por que os mercados e o governo falham?
- Authors
e Meirelles, Dimária Silva
- Abstract
As a rule regulation, inspired by neoclassical economics, is a response to market failures, which are in disagreement with the ideal of a competitive market, especially in the sectors of public goods. It is interesting to note that regulation is also subject to failures, called government failures. After all, why do markets and governments fail? The answer to this question involves a deep conceptual discussion on markets and competition. The aim of this paper is to present the theoretical debate surrounding market approaches, especially in the heterodox field, which include the views of evolutionary economics, Austrian school and the modern economic sociology. The conclusion is that the neoclassical theory, compared to these approaches, has a restricted view of the competition process.
- Subjects
EFFICIENT market theory; MARKET laws; MARKET failure; NEOCLASSICAL school of economics; INDUSTRIAL organization (Economic theory); PUBLIC goods; ECONOMIC competition; EVOLUTIONARY economics; PUBLIC finance
- Publication
Cadernos EBAPE.BR, 2010, Vol 8, Issue 4, p644
- ISSN
1679-3951
- Publication type
Article
- DOI
10.1590/S1679-39512010000400006