Date of Original Version
1976
Type
Working Paper
Published In
International Institute for Economic Research (UCLA) Original Paper #4, August 1976.
Abstract or Table of Contents
DEMOCRATIC government continues in relatively few countries, and mainly in the market economies of the world. Yet even in the United States, with a long history of coexistence between market freedom and political freedom, state intervention in the market has grown, and the size of government has grown. Growth of government is not a simple transfer of power from one group to another. Well-functioning markets disperse power; growth of government concentrates power.