Economics Dictionary of ArgumentsHome
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| Interventions: An intervention in politics is any action taken by one actor to influence the political process in another state. There are military interventions, diplomatic interventions, or economic interventions. See also Internventionism._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Murray N. Rothbard on Interventions - Dictionary of Arguments
Rothbard III 891 Interventions/Rothbard: (…) the free market always benefits every participant, and it maximizes social utility ex ante; it also tends to do so ex post, for it contains an effcient mechanism for speedily converting anticipations into realizations. >Free market/Rothbard; for ex ante/ex post see >Time/Rothbard. VsInterventions: With intervention, one group gains directly at the expense of another, and therefore social utility is not maximized or even increased; there is no mechanism for speedy translation of anticipation into fruition, but indeed the opposite; and finally (…) the indirect consequences of intervention will cause many interveners themselves to lose utility ex post. >Price control/Rothbard, >Minimum wage/Rothbard, >Gresham’s Law/Rothbard, >Bimetallism/Rothbard, >Taxation/Rothbard, >Government spending/Rothbard, >Government budget/Rothbard. Rothbard III 907 Intervention/Rothbard: Binary intervention occurs (…) when the intervener forces someone to transfer property to him. Binary intervention: All government rests on the coerced levy of taxation, which is therefore a prime example of binary intervention. Triangular intervention: Government intervention, consequently, is not only triangular, like price control; Binary intervention: it may also be binary, like taxation, and is therefore embedded into the very nature of government and governmental activity. >Taxation/Rothbard, >Government budget/Rothbard, >Government spending/Rothbard, >Free market/Economic theories._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Rothbard II Murray N. Rothbard Classical Economics. An Austrian Perspective on the History of Economic Thought. Cheltenham, UK: Edward Elgar Publishing. Cheltenham 1995 Rothbard III Murray N. Rothbard Man, Economy and State with Power and Market. Study Edition Auburn, Alabama 1962, 1970, 2009 Rothbard IV Murray N. Rothbard The Essential von Mises Auburn, Alabama 1988 Rothbard V Murray N. Rothbard Power and Market: Government and the Economy Kansas City 1977 |
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