The extreme ends or poles of market policy – with the ‘market’ defined as the sum or the total of all the interactions and transactions which occur between people in the world – is either laissez-faire (completely hands off on the part of the government and let all the chips fall where they may) or autarky (complete isolation of a country and government from everyone else in the world, along the lines of North Korea).
The ideal would be to find some middle ground between these two extreme ends or poles, whereby both domestic and foreign consumers and producers derive utility from as much as the global market can possibly offer to the world.
Adam A. Azim 