Civilised Quote by Paul Ham
““If a complete free market seemed efficacious in principle, in practice it had not delivered the basic services necessary for a country to call itself civilised.””
About This Quote
Source Speech: Economic Policy Lecture, 2015, null
A free market alone cannot guarantee essential public services, which are needed for a civilized society.
In simple terms: Free markets need public services.
Key Takeaway
Combine market mechanisms with public provision.
Themes
economics
public policy
development
ethics
Mood
critical
analytical
Type
policy
commentary
When to use this quote
- government budgeting
- healthcare planning
- infrastructure projects
- education reform
Key Concepts
market failure
social contract
public goods
Questions to Reflect On
- What essential services are missing in your country?
- How can markets and state collaborate?
A Different Perspective
Markets may deliver efficiency but can neglect equity.
