...Guangbin Lin Purpose Today, as many people still hold an almost superstitious faith in the market, it is essential to reassess the respective roles of market and government in resource allocation. Design/methodology/approach This paper argues that the market does not allocate resources...

...Leming Hu Purpose The relationship between government and market is the key to the economic development performance of market economy countries. Due to the limits such as the state/market dichotomy, the focus on static allocation efficiency and the ignorance of the diversity of the market economy...