Interventionism: Difference between revisions
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'''Interventionism''' is a form of economic policy adopted by governments in an attempt to overcome alleged flaws and excesses of [[free market]] [[capitalism]].<ref>[[Robert Murphy]]. [http://mises.org/resources/5706/Lessons-for-the-Young-Economist "Lessons for the Young Economist"], 2010, page 255.</ref> An interventionist government attempts to avoid moving to a completely [[socialism|socialist]] form of economic order by maintaining, at least to a certain degree, the institution of [[private property]] and the benefits of a free enterprise system. Examples of [[government intervention]] include [[taxes]], [[price controls]], | '''Interventionism''' is a form of economic policy adopted by governments in an attempt to overcome alleged flaws and excesses of [[free market]] [[capitalism]].<ref>[[Robert Murphy]]. [http://mises.org/resources/5706/Lessons-for-the-Young-Economist "Lessons for the Young Economist"], 2010, page 255.</ref> An interventionist government attempts to avoid moving to a completely [[socialism|socialist]] form of economic order by maintaining, at least to a certain degree, the institution of [[private property]] and the benefits of a free enterprise system. Examples of [[government intervention]] include [[taxes]], [[price controls]], [[tariff]]s, eminent domain laws, and monopoly control of the money supply (usually through a central bank). | ||
{{See also|Intervention}} | {{See also|Intervention}} | ||
Latest revision as of 10:00, 20 November 2011
Interventionism is a form of economic policy adopted by governments in an attempt to overcome alleged flaws and excesses of free market capitalism.[1] An interventionist government attempts to avoid moving to a completely socialist form of economic order by maintaining, at least to a certain degree, the institution of private property and the benefits of a free enterprise system. Examples of government intervention include taxes, price controls, tariffs, eminent domain laws, and monopoly control of the money supply (usually through a central bank).
See also: Intervention
References
- ↑ Robert Murphy. "Lessons for the Young Economist", 2010, page 255.