Oh dear. Image from www.healthcommunities.com Introduction Identifying the reason(s) why Government should act is crucial in deciding whether policymakers should get involved to solve a problem. In classic microeconomics, this is usually underpinned by one or more market failures, or equity arguments. If public policymakers decide that there is a need for Government intervention, what next? How much intervention is necessary? Do they go in, all guns blazing, and try to eradicate whatever the problem is? Even if it were desirable, is it even practical? Imagine trying to completely eliminate pollution around the world – even if it were possible, Continue reading Economic theory and teen pregnancy intervention: can some teenage pregnancy be optimal for society?