Get advantage of unmatched quality essay writing service done from scratch. Professional writers with Masters and PhD degrees are ready to work for you




What is the neoclassical “story” of how free markets do not work, and, hence, the economic justification for government

What is the neoclassical “story” of how free markets do not work, and, hence, the economic justification for government?

I want you to explain how the standard economics textbooks explain when competitive free markets do not work and give the justification for government intervention.

Here is a sample outline:

1. Required role for government in a free market system
a. Legal system to protect property rights, enforce contracts for growth

2.  “Market Failure”
a. Public good
b. Non-rival
c. Non-excludability
d. Why private markets won’t produce them in efficient quantities and how the
government gets around that

2a. Externalities
a. Positive
b. Possible role for government
c. Negative
d. Possible role for government

3. Other roles for government
a.Promote competition
b. Promote better information
c. Income redistribution
d. Promote economic stability (fiscal policy and monetary policy)

4. Government failure

provide an example of a falsifiable statement or theory in economics and discuss why this specific statement is scientific according to Popper by identifying its potential falsifiers and explaining the importance of these.

What our customers say

What our customers say

  • This writer is a great writer who is knowledgeable on most subject matters and incorporates research in papers that supports the subject. If you are looking for a great writer that will produce the exact kind of paper you want, look no further. Timing and customer service were all impeccable!
  • Very impressed with the outcome of the work written. Writer followed all instructions and delivered ahead of deadline given.
  • Last minute assignment, but he completed well before schedule with no plagiarism.  I will be using you again!
  • They are amazing. I requested them with a heavy load of work in a short timely manner. They were able to have it well completed and way ahead of the deadline.
  • EXCELLENT !!! Strong thesis and always delivers before the deadline.
  • excellent paper and really helped me out with the little time left.