1999 | OriginalPaper | Buchkapitel
Conclusion: Policy Implications
verfasst von : Martin Zagler
Erschienen in: Endogenous Growth, Market Failures and Economic Policy
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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Much has been said about the different engines of economic growth. The following concluding remarks are aimed to clarify the issue and to elaborate the practical application of all the previous theorizing. This Conclusion explains why there is a need for economic policy or why the market is not a sufficient instrument to ensure allocative efficiency — just as it never helped to secure distributive justice, a point which is discussed in section 9.3.