2. Amaliy mashg‘ulotlari 1- jadval № Amaliy mashg‘ulotlar mavzulari



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The Role of Government 
The first is an extract from a talk by J.K. Galbraith

The good society accepts the basic market system and its managers, but there 
are some things the market system does not do either well or badly. In the good 
society these are the responsibility of the state. Some areas of state action are 
evident. In no country does the market system provide good low-cost housing. 
This is a matter of prime importance and must everywhere be a public 
responsibility. Few things are more visibly at odds

with the good society than 
badly housed or homeless people. 
Health care is also a public responsibility in all civilized lands. No one can be 
assigned to illness or death because of poverty. Here Britain can proudly point 
to its leadership. The state has many other essential functions. It must also be 


borne in mind that many of these – parks and recreational facilities, police, 
libraries, the arts, others – are more needed by the underclass than by the 
affluent. Those who attack the services of the state are usually those who can 
afford to provide similar services for themselves. In the good society, there must 
also be attention to a range of activities that are beyond the time horizons of the 
market economy. This is true in the sciences, not excluding medical research. 
The market system invests for relatively short-run return. To support science is 
pre-eminently the responsibility 
of the state. Some of the truly important industrial achievements of recent 
generations – the great improvements in agricultural productivity, modern air 
transport, advanced electronics – have depended heavily on such public 
investment. Necessary also – a matter we are beginning reluctantly to recognize 
– is investment 
and regulation in the longer-run interest of the environment. The good society 
protects and improves life in its planetary dimension. 

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