Assumption that the state should regulate economic policy

Reference no: EM13505968

Keynesian economists begin with the assumption that the state should regulate economic policy for everyone's benefit. Why might sociologists who use market-oriented theories be critical of this idea?

a. They believe that markets without state interference lead to the best economic outcomes.

b. Market-oriented theorists think that the state should control all markets.

c. They think that higher taxation rates for the poor are the best way to curb welfare provisions.

d. They believe that markets should be abolished in favor of a planned economy.

e. They believe that the state should regulate every business transaction, not just major economic policy.

Reference no: EM13505968

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