social utility
Social Welfare by Government Actions?
The purpose of this essay is to address the role of government for private market and to find out the extent and the scope that government’s involvement with private establishments can be justified by economics. It seems to be assumed that government has a fundamental and necessary role in the business of private enterprises. This is not merely an assumption—it is the current paradigm and dogma.
Posted in Blog | Tagged Austrian economics, Business, civilisation, efficiency, free market, government, Ludwig von Mises, Murray Rothbard, philosophy, politics, praxeology, public good, social utility, social welfare, special privileges, violence, voluntary cooperation | Leave a response [entry-edit-link before=" | "]