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10 Cards in this Set
- Front
- Back
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threefold flow diagram old way
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Household business government
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new way two sector
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Household and Business
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James Buchanan
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government failures
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A.C. Pigous target
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business-failure
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Milton Friedman
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visible foot of government onto the market
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From A.C. Pigou's time economist call it
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market-failures
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Alan Greenspan's 1961 paper and article
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Antitrust
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Ayn Rand reprinted Alan Greenspan's Antitrust Capitalism : The unknown Ideal
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The Act [the interstate Commerce Act of 1887] was not necessitated by the evils of the free market. Like subsequent legislation controlling business, the Act was an attempt to remedy the economic distortions which were blamed on the free market. The Interstate Commerce Act, in turn, produced new distortions in the structure and finances of the railroads.
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Broken Window Fallacy
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Frederic Bastiat
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Eric Fromm 1900-1980
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a German psychologist and ii
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