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Even better would be for the government to buy things that people need, that are social goods, and that markets cannot provide unassisted — things like schools, cops, and hospitals.
If the goal is to achieve social efficiency and if markets cannot provide it alone, the next step is to find a supplement to help the market or even to replace it as the means of distributing resources.
What if the markets cannot provide a solution?
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The corporation ought rather, he said, to be operating in areas where the market cannot provide.
Do the best you can at the local halal butcher or at a supermarket if the farmers' market cannot provide.
And budding Microsofts can always list abroad if their local market cannot provide the financial support they need.Yet it is not quite as simple as that.
This has a defensive component, in the protection of interests damaged by markets, and a proactive one, in taking measures to ensure a sustainability that the market cannot provide unaided.
At times, some smaller banks almost inevitably find that the wholesale facilities of the money market cannot provide promptly the funds needed to meet unexpected reserve drains, as deposits move about the country from one bank to another.
The lush wild and farmed land around the restaurant is, he said, the main reason for restaurant's location, with unexpected vegetal pleasures that even the lushest urban farmers' market cannot provide.
When I hear the BBC's critics argue that a public service broadcaster has no business doing things that the market can do perfectly well – Radio 1, Strictly Come Dancing, Bake Off – that it should give up those things and concentrate on what the market cannot provide, I look at the US and see the ghetto to which public service broadcasting has retreated.
But this begs the question why the market cannot provide some form of risk-pooling for the one-in-five men and one-in-three women who will require residential care after reaching 65.At present, there are very few long-term-care insurance policies in existence just 34,000 at the end of 1999.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com