1. The dominant characteristic of political decision-making when compared with market mechanisms is not that those who benefit from public expenditure are those who make the most noise politically. 2. The emphasis in this tradition is very much on the limitations of the market mechanism. 3. Stable prices will then allow the market mechanism to give clear, unambiguous signals of relative scarcities. 4. The British government has made market mechanisms a central theme of its strategy to improve environmental performance. 5. And the prospect of tinkering with either market mechanism is potentially fraught with peril. 6. Bush essentially argues that the eight years of growth provide a chance for America to expand market mechanisms into new areas, notably the big government entitlement programs. 7. But Miller said some market mechanisms could still work in the short term. 8. Europeans argue for a coordinated policy approach but against market mechanisms. 9. For the regulated swath of the economy, the transition toward the market mechanism is fraught with growing pains. 10. He has proposed a system for doing so, relying largely on market mechanisms, energy efficiency and technology. |