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The Political Economy Debate
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Book Chapter
The Political Economy Debate
2021
Overview
In this chapter, we shall look at the debate about the right institutional strategy to create the best possible economic outcomes for a society. The laissez-faire or “classical liberal” claim is that leaving all members of a society entirely free to allocate their productive efforts and their economic assets as they choose will produce both the greatest efficiency in the short run and also the greatest advances in economic productivity in the long run. Reform liberals are generally willing to agree that societies wanting to be successful economically need to give a large role to the operation of the free
Publisher
University of Notre Dame Press
ISBN
9780268200145, 0268200149, 9780268200138, 0268200130
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