Hampered market economy
From Mises Wiki, the global repository of classical-liberal thought
Hampered market economy is a market economy in which the government interferes with the marketing processes by orders and prohibitions which divert the production of wealth from those channels which reflect the first choices of market participants. In short, the government does not limit its activities to the preservation of the private ownership (control) of the means of production and the protection of market participants from the encroachments of those who resort to the threat or use of force or fraud.
See also: Interventionism and Free market
- ↑ Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-07-21.