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dbpedia:Government_failure

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In the analysis of regulation, government failure (or non-market failure) is imperfection in government performance. The phrase "government failure" emerged as a term of art in the early 1960s with the rise of intellectual and political criticism of regulation. Building on the premise that the only legitimate rationale for government regulation wasmarket failure, economists advanced new theories explaining why government interventions in markets were costly and tend to fail.

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dbpedia:Government_shutdown_in_the_United_States