Government Intervention in Economies

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

Resource summary

	Created by Harriet M about 6 years ago