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The Government's Economic Role.
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(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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Pages:
10
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Filename:D0_BBgovecon.doc |
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Paper Title:
The Government's Economic Role.
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