It is now widely accepted that the market is superior to the state as a means of organising economic activity. But there remain a number of significant problems about the proper scope of the market domain, about the range of activities which are appropriately governed by market mechanisms and their associated forms of commercial organisation. Whilst many would agree that the market is an admirable device, provided it is ‘kept in its place’, there is much less agreement about the precise (...) location of that place, about where and on what grounds the boundaries of the market should be established. (shrink)