Thursday, 15 June 2017

Exploring Dueling Economic Philosophies

What's the best way to develop an economy--through government intervention or the invisible hand of a free market?



The question has been bandied around for years on end. See the United States v. Soviet Union post-World War II.

Economic policy is not as simple as following government intervention or free market, rather it falls on a continuum between the two. In a recent article, Don Pittis explores the question about free market economics or central planning by exploring policies currently followed by China and the US. It's well worth the read.

No comments:

Post a Comment