Government’s role

B. T. Hunter, Consumer Bulletin, 20—24 (May 1973). U.S. Certified Food Dyes—A look at the record of governmental failure to safeguard America s food products. A criticism of government s role in controlling the use of food colors. 

In Section VI survey evidence about the response of private investment in R D to changes in economic incentives. Evidence about a number of policies (including R D tax credits, intellectual property, defense procurement, and the Orphan Drug Act) and events suggests that private vaccine development and production is likely to be quite responsive to enhanced incentives (or diminished disincentives), and that expansion of the government s role is likely to crowd out private investment. Conclusions are presented in Section VI. 

Expansion of the government s role is likely to crowd out private investment. Lichtenberg (1984) provides estimates of the relationship between company and federal R D, based on data compiled by the National Science Foundation for the period 1967-1977. The availability of firm-level panel data on both R D expenditure and employment permitted investigation... 

The acceptance of the government s role in protecting the public from hazards... 

It follows then, that predominant libertarian values are deeply entrenched in the notion of the self-made person and that social rewards should only accrue if they are deserved and earned. The role of government is, therefore, limited to those functions that absolutely do not abridge the rights of the individual to exert his or her own will for what he or she believes to be best. Moreover, government s role would be limited to those functions and needs for which individuals could not provide (national defense, negotiation of treaties, etc.). 

The government s role in the process was as much one of managing a process by which conflicting claims could be resolved as it was one of imposing any preconceived idea of how allowances should be... 

Notwithstanding these shortcomings, the SERI study is a systematic, quantitative effort to explore whether in a particular case the Federal government s role should be restricted to R D or whether it should be expanded in an effort to accelerate the commercialization of a technology. 

CED s recent policy statement, Redefining Government s Role in the Market System, contains an extensive analysis of regulatory policies and the need to assess their impact on the economy. 

STAMP analysis of the Oakbridge city government s role in the accident. 

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