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Liberty vs. Power in Economic Policy in the 20th and 21st Centuries
Originally published in The Journal of Private Enterprise
The distinction between mainline and mainstream helps us understand the critical points in policy history and the role that economic ideas played in them. These historical turning points turned on who won the debate over the relative merits of liberty versus power.
The distinction between mainline and mainstream helps us understand the critical points in policy history and the role that economic ideas played in them. These historical turning
points turned on who won the debate over the relative merits of liberty versus power. Unfortunately, in the historical sample considered in this study, the policy world turned in favor of power over liberty with the consequence of economic depravation and political tyranny in the worst cases, and economic stagnation and the nanny state in the best cases.
Read the article at the Journal of Private Enterprise.
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