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Essay / Research Paper Abstract
This 6-page paper examines the role of government in the supposedly free market philosophy of economic liberalism. Bibliography lists 10 sources.
Page Count:
6 pages (~225 words per page)
File: D0_MTecolib.rtf
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Unformatted sample text from the term paper:
money supply, theorists have come up with various conclusions about why the role of the state should or should not be entwined with the role of economist. Some tout that
the state is simply there to enforce regulations when businesses have gotten too far out of hand, whereas others see governments as a controlling factor when it comes to economics.
As can be expected, socialist to communism states tend to have more government control, where as the more "democratic" states tend to have less control - although it can be
argued that there is no such thing these days as a true free market economy, as governments have some kind of hand in controlling it.
But what is the role of the state when it comes to economic liberalism? Well examine what some authors of the day have to say about this
particular question, then offer our own conclusions as well. Economic Liberalism: A Definition Before determining the role of government in economic liberalism,
its first helpful to determine what, exactly economic liberalism is. In its most basic form, economic liberalism advocates a primarily laissez faire
economic system. In other words, this economic liberalism (also known as neo-liberalism) claims that markets function best when theyre left alone by governments. Basically, businesses can control supply and demand
without regulation or taxes that redistribute wealth - or other kinds of regulation. Furthermore, economic liberalism supports the idea of market forces
to solve social problems, rather than state regulation. Allowing business to compete naturally will help boost employment, which will help boost commerce (as people will want to buy more goods
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