Fandom

Economics

Government Failure

436pages on
this wiki
Add New Page
Talk0 Share

“In their view the state should confine its activities to ensuring a peaceful, competitive environment within which citizens could pursue their individual objectives as fully as possible. Only the evils of monopoly power or too much state involvement in economic affairs could prevent the price mechanism from yielding maximum national output, given the constraint of scarce but fully employed resources.” (Snowdon 2005 p. 56)

See AlsoEdit

Public Choice

SourcesEdit

  1. Snowdon, Brian and Howard R. Vane. 2005: Edward Elgar Publishing;Modern Macroeconomics: Its Origins, Development And Current State
  2. Main Wiki
  3. Tullock, Gordon and Arthur Seldon and Gordon L. Brady. 2002: Government Failure: A Primer in Public Choice. Cato Institute

Ad blocker interference detected!


Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.