A little microbe that markets cannot help with
by Thomas Lines
International Journal of Pluralism and Economics Education (IJPEE), Vol. 12, No. 1, 2021

Abstract: This essay discusses the British Government's policy for testing and tracing corona virus cases, as it evolved in England during 2020. A new centralised national system was created to be implemented by private companies under arrangements of patronage that were commercial in nature but not market-based. The merits and demerits of this approach are considered against a framework of three archetypal principles of economic organisation: democracy, authority, and exchange. The conclusions draw attention to the implications for wider economic theory regarding the efficiency of operations in this and similar spheres.

Online publication date: Wed, 13-Oct-2021

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