from Part III - The Period after the 1970s
Published online by Cambridge University Press: 07 December 2023
This chapter reaffirms the need to give equity a role in a market economy. That role can still retain the main and important role that a free market plays in allocating resources and in generating much of the income. But much of that role can be maintained while reducing the inequity that free markets might tend to generate. Some countries have been able to achieve this goal by pursuing some policies that reduce income differences at a minimum cost in restricting economic freedom. Libertarians have continued to call for what they call libertarian policies but have not specified what those policies are and what part of the government role should not be promoted.
To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.