Essays /

Is Government Intervention Needed To Fix Essay

Essay preview

Government intervention has been a long time discussion in microeconomics. The truth is that there is no successful society without some government intervention. Even classical liberalism agrees that there needs to be some intervention in law and order and on national defense. The main discussion is actually on what extent the government should effectively intervene so as not to cause inefficiencies. While most welfare economists argue that government intervention ...

Read more


actual add agent agre alloc also approach argu argument believ better bottleneck bureaucraci bureaucrat case caus classic cost creat cut debt decis defens discuss distrust econom economist effect effici elect end entrepreneurship especi even excess extent failur fix free gear get good govern great group inabl incent increas individu industri ineffici influenc interest interven intervent involv justifi lack law length liber limit long macroeconom main make manag market met microeconom monopoli much nation need object oper order organ outlin overse polit politician pressur princip privat problem profit project provid public pursu recess reduc resolv resourc risk run sector servic societi spend stagnat stress strict success sure tend time toward truth unemploy util welfar without would