期刊名称：Journal of Economics and Sustainable Development
印刷版ISSN：2222-2855
电子版ISSN：2222-2855
出版年度：2012
卷号：3
期号：7
页码：106-111
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：The efficiency of the free market system in allocating resources and in regulating itself has become a received doctrine in practically all capitalist nations. But the recent global financial crisis and the resultant government interventions to salvage the economies of many nations have generated much debate on the continued relevance of the free market and the wisdom of government ‘intrusion’. This paper revisits the free market as propagated by Adam Smith and examines the role of government in present day circumstances. Drawing from the African experience, the paper concludes that the free market system and government involvement in the economy can complement each other provided there is the capacity for determining the appropriate mix that would deliver the maximum good to society.
