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Improving Governance Key to Successful Economic Reforms

Improving Governance Key to Successful Economic Reforms
Improving Governance Key to Successful Economic Reforms

Price is perhaps the key economic variable that indicates the scarcity of resources. Any manipulation, under any name and excuse, of this variable gives a false signal to economic players on the supply and demand sides and disrupts the markets. 
This was stated by Mehdi Feyzi, a lecturer at Ferdowsi University of Mashhad, in an article for the Persian economic daily Donya-e-Eqtesad. A translation of the text follows:
Any market intervention on the part of government should be as minimal, unrelated to pricing and limited to cases of market failures. 
Iran’s economy, however, is accustomed to maximum pricing that, economically speaking, doesn’t need government intervention; even many people who have suffered from the pricing policy for years urge the government to control the market. 

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