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An Entity of Type : owl:Thing, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

“In their view the state should confine its activities to ensuring a peaceful, competitive environment within which citizens could pursue their individual objectives as fully as possible. Only the evils of monopoly power or too much state involvement in economic affairs could prevent the price mechanism from yielding maximum national output, given the constraint of scarce but fully employed resources.” (Snowdon 2005 p. 56)

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  • Government Failure
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  • “In their view the state should confine its activities to ensuring a peaceful, competitive environment within which citizens could pursue their individual objectives as fully as possible. Only the evils of monopoly power or too much state involvement in economic affairs could prevent the price mechanism from yielding maximum national output, given the constraint of scarce but fully employed resources.” (Snowdon 2005 p. 56)
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abstract
  • “In their view the state should confine its activities to ensuring a peaceful, competitive environment within which citizens could pursue their individual objectives as fully as possible. Only the evils of monopoly power or too much state involvement in economic affairs could prevent the price mechanism from yielding maximum national output, given the constraint of scarce but fully employed resources.” (Snowdon 2005 p. 56)
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