To begin with, the free market mechanism heavily upholds the ideas of limited government intervention, priv...
... middle of paper ...
...otechnology field. Since nanotechnology will be more readily available to society, Buhl strongly believes it will most likely have the strongest job opportunities and career outlook (Buhl, 1). Therefore, if the state funded higher education to its citizens and gear them towards working with nanotechnology, the economy as a nation will maximize its production possibilities.
In conclusion, there is no clear answer to which mechanisms and policies will promote nanotechnology at its best, but it requires a hybrid institutional mechanism and framework of both state intervention and free market system. One institutional mechanism or policy might have a advantage in a certain field, but it does not satisfy the society as a "whole'". Nanotechnology is still a developing sector, in which will require careful management to allow it to achieve its prosperous opportunities.
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