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1、本科畢業(yè)設(shè)計(jì)（論文）外文翻譯原文：原文：PoliticalEconomyofGovernmentInterventionintheFreeMarketSystemFreeMarketMarketFailureThetheyoflaissezfaireeconomicsispredicatedontheidealizedcompetitivemodelwheremarketexchangeisbasedonthefundamentalpr

2、inciplesofexclusionrevealedpreferences(Allan1971)freeflowofinfmationselfregulatingmechanisms.Thetheyofmarketfailuresuggeststhatinasituationwherecompanieshavepowertofixpriceslimitcompetitionconsumerslacktheinfmationneeded

3、tothebestproductsmarketexchangesaffectpeoplewhoarenotpartytothetransactionthestructureofanindustryblocksnewfirmsfromenteringbusiness(Lehne2006)marketallocationsresultininequitiesinthedistributionofincomewealthwhenamarket

4、failurehasoccurred.Therefegovernmentcanputinplaceanappropriateinstitutionalregulatyframewktocrectit.Thenieenthcenturywasacterizedbythe“marketsociety”thatresultedfromtheliberalselfregulatingstate(Polanyi1957p.250)byprinci

5、plesofeconomicliberalismrootedinthebeliefthatcompetitionprovidedadequatebasisfthemarkettoprovidesufficientwealthwithoutsystematicstateintervention(Galbraith1970p.50).TheendofWldWarIsawtheendofthemarketsocietyclassicallib

6、eralismgavewaytosocialistwelfareconcernsfgrowthemploymentredistribution(Polanyi1957Ruggie1983)aswellasinterventionistinstitutionsaimedatmacroeconomicstabilizationfthepurposeofmaintainingincomeemployment(Gallarotti2000).T

7、heGreatDepressionofthe1930sstronglyreinfcedthemacroeconomicinterventionistpostureofthestateincapitalistnationsduetoanunprecedentedsocialtoputinplacetheneededinstitutionalsafeguardscontrolstoguardagainsttheexcessesofinter

8、ventiontodetectcrectanyanomaliestopreventthemfromgeneratingintoeconomicsocialcrisis.Astheeconomiesofthewesternstatesplungedintorecessionthereweremassivedecreasesingovernmentrevenueswhichresultedinmountingbudgetdeficits(K

9、ethineni1991)fcingthestatetoreducepublicexpenditureonwelfareactivitiestherebywideningthegapbetweentherichthepo.ConsequentlythepostwareuphiaofKeynesianismcouldnotlastfmethanthreedecadesasthearrivalofstagflationalloverWest

10、erncapitalistwldinthe1970sthrewKeynesianeconomicsintodisarraythewelfarestatelostitsideologicalaswellasmaterialbases.ThelessonsfromtheresultsofKeynesianinterventionists’policiesarethatalthoughthegovernmenthasimptantrolest

11、oplayinaneconomyunrestrainedineffectivelyplannedinterventionistpoliciescouldleadtogovernmentfailure.Ineffectthecapitaliststatesfailedtorecognizetheproblemsinherentingovernmentprovisiontaxationsubsidizationregulationofgoo

12、dsservices.Amonopolisticenvironmentmakesgovernmentprovisioninefficientsubsidiesleadtolessthanefficientdemfgoodsservices.Highertaxesreducedisposableincomeincentivestowkillthoughtoutregulationstiflesinitiativesinnovation(L

13、ehne2006).Fthesereasonsthereistheneedfpolicymakerstoensurethatthemarginalsocialcostsofinterventionistpoliciesdonotexceedthemarginalsocialbenefits.TheCurrentGlobalEconomicCrisisPolicyImplicationsWiththediscreditofKeynesia

14、nismlaissezfaireeconomicsgainedanewimpetusremetamphosedintoneoclassicalmoarismwiththecallfcutsingovernmentspendingonsocialservicesprivatizationnewpublicmanagementliberalizedfinancialmarketstaxconcessiontotherichthefreepl

15、ayofthemarketfcesintheeconomy(Brown1984).TheneoliberalsarguedftheimptationofmarketmechanismsintothepublicarenatheirNewPublicManagementalliesarguedthatleanpublicagencieswillberesponsivetocitizencustomers(Osbne&Gaebler1992

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