We are entitled to be disappointed, but not to be surprised, by the persistence of governmental intervention in economic life. A school of thought attributes great influence to public opinion in the movements toward or away from laissez-faire. Among the many members of this school one may mention Albert Venn Dicey, John Maynard Keynes, and Milton Friedman.


"The Effect of Government on Economic Efficiency." 1988


We are entitled to be disappointed, but not to be surprised, by the persistence of governmental intervention in economic life. A school of thought...

We are entitled to be disappointed, but not to be surprised, by the persistence of governmental intervention in economic life. A school of thought...

We are entitled to be disappointed, but not to be surprised, by the persistence of governmental intervention in economic life. A school of thought...

We are entitled to be disappointed, but not to be surprised, by the persistence of governmental intervention in economic life. A school of thought...