An economists viewpoint to minimize role of the government

Assignment Help Business Economics

Reference no: EM1313252

Q. The philosopher Robert Nozick made a strong also challenging argument for a minimalist state in his book Anarchy, State also Utopia. He concluded which no state should provide any services beyond law enforcement. This would essentially result in all highways, schools, social security also other services outside of police also homeland security becoming privatized.

1.) Is it reasonable from an economist's viewpoint to minimize the role of the government in accordance with Nozick's moral argument?

2.)Do you believe which there should be any exemptions to this argument? In your answer, consider which one of the mechanisms through which the U.S. Government controls monopolies also oligopolies is through the use of antitrust laws. These laws are designed to protect competition also thus increase the welfare of society as a whole. Converse the various ways in which monopolies also oligopolies can curtail also/or eliminate competition also, alternatively, the circumstances when this may not be the case.

Explicate in 650 word page also justify your conclusions.

Reference no: EM1313252

Questions Cloud

What circumstances might the inflation rate not decrease : Use a short-run Phillips curve to Explicate why the inflation rate may decrease over the course of 2009. Under Illustrate what circumstances might the inflation rate not decrease during 2009.

Which makes the pendulum swing upward in an arc : The pilot of an aircraft wishes to fly due west in a 37.70 km/h wind blowing toward the south. The speed of the aircraft in the absence of the wind is 191 km/h.

Cost of goods sold increased by a specific dollar : Multiple choice question based on share valuation - Which of the subsequent would be most likely to reveal that cost of goods sold increased by a specific dollar amount during the year?

What is capital budgeting : What is Capital budgeting and assess the conclusions we might make about the wisdom of undertaking this project

An economists viewpoint to minimize role of the government : Is it reasonable from an economist's viewpoint to minimize the role of the government in accordance with Nozick's moral argument.

Effective rate of protection for widgets prodcution : Suppose you want to produce WIDGETS in your country. The international price of an imported WIDGET is $50 and pays an import tariff of $10 per unit. Three inputs are needed to produce a WIDGET.

Find the work he did in pushing forward on his wheels : How many J of energy must be removed when 156 g of steam, at a temperature of 175.0 °C, is cooled and frozen into 156 g of ice at 0 °C.

Income inequality among different countries : Article may originate from the internet however please provide the link to the particular article you are reviewing.

Question based on share valuation : Multiple choice question based on share valuation and Assume the stock pays no dividend and ignore interest on margin.

User Account

All Pages