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Essay / Research Paper Abstract
This 10 page paper discusses two books: "The Market System. What It Is, How It Works, and What To Make of It" by Lindblom and "Privatization and Public-Private Partnerships" by Savas. The writer reports and discusses the major ideas and beliefs of each author. The writer also comments that these two approaches could complement each other under the right circumstances. Bibliography lists 2 sources.
Page Count:
10 pages (~225 words per page)
File: MM12_PGmkpvt.RTF
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not exist until there is some sort of organization or coordination involved. That organization must be determined through the interactions that occur between the seller and the buyer. To have
a market system, the system, that is, the interactions between the sellers and buyers "coordinate the society" (Lindblom, 2002, p. 4). Lindblom (2002) himself explains the market system thusly: It
is a system of socieytwide coordination of human activities not by central command but by mutual interactions in the form of transactions (p. 4). For Lindblom, it is not the
government who coordinates a market system but human interactions. Lindblom goes on to identify five different types of markets: agriculture, labor and services and goods, capital and intermediate goods
and services. We would normally identify this last market as suppliers in an organizations value chain. The last two markets, Lindblom says, are not as commonly-recognized as the first three.
These are the markets in which market systems are created. In market systems, governments are viewed as interferers, they attempt to control the market through taxes, laws, regulations and so
on. In this country, the government is the largest buyer and the largest seller of goods and services. This position gives them enormous power. It uses its many different options
to increase or decrease business in certain industries. Lindblom reports: "One way of another, it subsidizes most industries, almost all of which hold their hands out" (p. 8). Lindblom
(2002) does agree that some activities performed by the government "are necessary to make a market system flourish" (p. 99). Other activities are minimally helpful, some are just a waste
and others are harmful. At this time, activities of governments are very much involved in how any market system works. Savas explains that society has always established groups or institutions
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