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The Price of Fish: A New Approach to Wicked Economics and Better Decisions by Ian Harris, Michael Mainelli

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5 GOLDILOCKS GOVERNMENTAND THE MARKETS

This chapter delves into the relationship between governments and markets. Despite hundreds of years of deep thought about economics, government, and commerce, our society has yet to determine successfully what should be done in the private sector and what should be done in the public sector by or through governments.

TWO OR THREE SECTORS?

We tend to think of markets as either centers of innovative wealth creation, or nests of self-centered, profit-maximizing capitalists. We are equally dualistic about government as a benevolent enforcer of equal opportunities or a “Bureaucratic Big Brother Bogeyman.”

The vocabulary falters even more on the third sector, frequently described in negative terms as not-for-profit ...

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