View source for My Take on the Seven Things We Need to Focus on for Equitable Growth in America/bigger and better government

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{{Quote
| text = We are going to need a bigger and better government. The private unregulated market does not do well at health-care finance, at pensions, or at education finance. The private unregulated market does not do well at research and early-stage development. The private unregulated market does not do well with commodities that are non-rival, or non-excludible, or produced under conditions of greatly-increasing returns to scale. We are, in all likelihood, moving into a twenty-first century in which these sectors will all be larger slices of what we do. Thus in the twenty-first century a well-functioning economy will need a larger government share in the economy than was needed in the twentieth century.
| cite = [[Brad DeLong]], "{{Link |My Take on the Seven Things We Need to Focus on for Equitable Growth in America: Thursday Focus}}"
}}