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Interventionism

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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.[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

  1. ↑ Robert Murphy. "Lessons for the Young Economist", 2010, page 255.

Links

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