| Entering the 21st century, the United States federal government and its citizens are negotiating new incarnations of century old debates. The relative efficiency of private markets versus bureaucracies is a lightening rod for dissent within the field of economics. The object of this essay is to carry the debate forward and examine a current manifestation of this chasm between markets and bureaucracies. Specifically, as threats to internet security arise, are markets or bureaucracies more adept at meeting the increased demand for security with speed and organizational efficiency. Public choice models of innovation and organizational structure are used to analyze the response of markets and bureaucracies to imminent internet security threats. |
