Date of Original Version



Working Paper

Rights Management

All Rights Reserved

Abstract or Description

Wherever we look, the state is large or growing. Food, shelter, and medical care are subsidized, regulated, or controlled to some degree in all the once-liberal economies. Regulation, control, and direction of the economy increase in both scope and detail from decade to decade. Deregulation is exceptional, not commonplace. The powers that the state acquires are not often surrendered.


International Institute for Economic Research (UCLA) Original Paper #4, August 1976