Zusammenfassung der Ressource
Government Intervention in Economies
- Which economies have a lot of government intervention?
- either historically or at present
- e.g Soviet Union
- e.g Cuba
- how liberal is the government?
- what sectors does the government intervene in?
- externality diagrams
- how transparent is the government, its dealing and its poltiicans?
- why is the government intervening?
- to correct market failure?
- which type?
- to reduce inequality?
- is it effective to take money from the rich to give to the poor?
- Yaron Brooks
- argues we should be increasing social mobility instead
- ideally everyone would have equal oppurtunities
- is laissez-faire capitalsim really possible?
- leaving markets to market forces
- supply /demand set prices
- markets allocate scarce resources
- potentially could improve productive and dynamic efficiency