Date of Original Version

1976

Type

Working Paper

Rights Management

All Rights Reserved

Abstract or Description

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.

Share

COinS
 

Published In

International Institute for Economic Research (UCLA) Original Paper #4.