The Government's Economic Role.

Abstract: (10 pp) How can Government's proper role in the e conomy be defined? Is there any reference point other than historical contingency or the wishes of politicians? Delimiting the role of Government is difficult because Government appears able to do so many things. In addition to providing enabling conditions for the economy, such as a proper legal system to support property rights, a monetary system, and security. Government can also be a regulator of business, a director of business in the sense of setting policies or subsidies that will favor certain sectors over others, and through Government-owned enterprises even a participant in business. Where, if anywhere, should the line be drawn? Bibliography lists 5 sources.

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Catagory:

Subcatagory: Economics And Economic Theory

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