The approach that emphasizes that government failures are often minimized by public finance economists is:

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Public choice theory emphasizes that government failures can occur due to the self-interest of bureaucrats, politicians, and interest groups, as well as information asymmetry and other factors. This contrasts with the Samuelson school which emphasized the government's ability to intervene to correct market failures, median voter theory which suggests that democratic elections result in policies that represent the preferences of the median voter, and bureaucratic theory which focuses on the internal workings of government agencies.

The Approach That Emphasizes That Government Failures Are Often Minimized