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Topic: Economic interventionism


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In the News (Tue 7 Jul 09)

  
  Economic interventionism - Wikipedia, the free encyclopedia
Economic interventionism is a common and slightly pejorative term used to describe any activity, beyond the basic regulation of fraud, undertaken by a central government in an effort to affect a country's economy.
Economic invervention is frequently aimed at increasing economic growth, fostering employment, promoting equality, raising wages, raising or reducing prices, and, in general, coping with market failures.
However, economic intervention is also used, albeit less often, by conservatives in many parts of the world in an attempt to mitigate free market effects that they see as opposed to their traditions, social order, or state authority.
en.wikipedia.org /wiki/Economic_interventionism   (157 words)

  
 Interventionism - Wikipedia, the free encyclopedia
Interventionism (politics) is a political term for significant activity undertaken by a state to influence something not directly under its control.
Economic interventionism is any activity, beyond the basic regulation of fraud, undertaken by a central government in an effort to affect a country's economy.
Interventionism (medicine) is also a medical term in which patients are viewed as passive recipients receiving external treatments that have the effect of prolonging life.
en.wikipedia.org /wiki/Interventionism   (139 words)

  
 The Free Market and the Interventionist State   (Site not responding. Last check: 2007-11-01)
America's unprecedented economic prosperity is not the result of the richness of the American land, but rather of the economic policy that understood how best to take advantage of the opportunities that the land offers.
Nearly all writers on economic policy and nearly all statesmen and party leaders are seeking an ideal system which, in their belief, is neither [purely] capitalistic nor socialistic, is based neither on [unrestricted] private property in the means of production nor on public property.
Interventionism as public policy is not consistent with the free market since it intentionally prevents or modifies the outcomes of the market.
libertyhaven.com /noneoftheabove/morality/marketinterventionist.shtml   (3269 words)

  
 Interventionism [Internet Encyclopedia of Philosophy]
Interventionism is characterized by the use or threat of force or coercion to alter a political or cultural situation nominally outside the intervenor's moral or political jurisdiction.
In the case of domestic interventionism that apparatus is the police force (or the army acting as a domestic policing force as with the British army in Northern Ireland 1969-date); in the case of international interventionism it is the army.
International interventionism can incorporate direct activities such as the use or threat of war, as well as indirect activities such as assassination, subversion, and economic embargoes of all descriptions (complete or partial blockades, transport restrictions, etc.).
www.utm.edu /research/iep/i/interven.htm   (2509 words)

  
 Book Review - Interventionism: An Economic Analysis
Mises had been professor of international economic relations at the Graduate Institute of International Studies in Geneva, Switzerland, for six years, having left his native Austria in 1934.
Bettina Bien Greaves of The Foundation for Economic Education has prepared it for publication and it is now available for the first time under the title Interventionism: An Economic Analysis.
The end product of interventionism, therefore, must be the undermining of the free society and a reduction in the material and spiritual benefits that are possible only in a free-market economy.
www.fff.org /freedom/0298e.asp   (967 words)

  
 Government Intervention Creates Chaos, Not Jobs   (Site not responding. Last check: 2007-11-01)
The proponents of this economic interventionism use a variety of approaches to involve government in the market place-vocational training, public service employment, on-the-job training, institutional training, work experience, and job placement programs.
The 1980s should be a time to reduce the failing economic policies of the 1970s that have brought inflation, stagflation, and economic hardship-policies which have reduced the standard of living of the American people and seriously weakened the role of the United States in the international community.
Economic policies to encourage savings and capital formation in order to maintain a healthy growing economy must be pursued and the result will be productivity, stable demand and prices, and reduced inflation.
www.libertyhaven.com /theoreticalorphilosophicalissues/conservatism/govintervention.html   (3062 words)

  
 Institut für Wirtschaftspolitik an der Universität zu Köln   (Site not responding. Last check: 2007-11-01)
Interventionism is not only supported by Keynesian economics but also by the neo-classical approach.
Because of the necessity of adaptation-flexibility in dynamic economic systems an "Evolutionary Economic Policy", characterised by ordo-liberal insights in the importance of economic and political order and evolutionary views on economic processes as discovery procedures, are advocated.
But interventionist policies are also supported by the formation of a mainstream in economics, dominated by the neo-classical theory, and by cultural factors, by internal institutions and path-dependency.
www.uni-koeln.de /wiso-fak/iwp/DE/Publikationen/zfw/2-01/wrobel.htm   (432 words)

  
 Capitalism - Libertarian Wiki   (Site not responding. Last check: 2007-11-01)
The notion of a "free market" where all economic decisions regarding transfers of money, goods, and services take place on a voluntary basis, free of coercive influence, is commonly considered to be an essential characteristic of capitalism.
In "Economics in One Lesson", Hazlitt argues that if the value of the work of some potential employees is lower than the minimum wage, it would penalise the employer to employ them.
The Index of Economic Freedom defines "economic freedom" [38] as "the absence of government coercion or constraint on the production, distribution, or consumption of goods and services beyond the extent necessary for citizens to protect and maintain liberty itself." (This is otherwise known as laissez-faire).
libertarianwiki.org /Capitalism   (9787 words)

  
 page2_7   (Site not responding. Last check: 2007-11-01)
By definition interventionism is the use of force to coerce an individual from commanding his property however he wishes.
We have already pointed out that interventionism, as an economic system, is different from the market economy in the sense that, even if the system is not free to use their property as they see fit.
By nature, interventionism steals or controls property from he who is entitled to his property.
mason.gmu.edu /~twhiston/page2_7.html   (2250 words)

  
 Against War - Ludwig von Mises
The wars of our age are not at variance with popular economic doctrines; they are, on the contrary, the inescapable result of consistent application of these doctrines.
It may be permissible to call them economic conflicts because they concern that sphere of human life which is, in common speech, known as the sphere of economic activities.
It is not a shortcoming of the liberal program for international peace that it cannot be realized within an antiliberal world and that it must fail in an age of interventionism and socialism.
www.rense.com /general36/war.htm   (1971 words)

  
 Does Morality Hamper the Market Process? A Reappraisal of the Mises Thesis   (Site not responding. Last check: 2007-11-01)
They are convinced that such a moral reform would in itself be sufficient to safeguard a mode of operation of the economic system, more satisfactory from their point of view than that of the unhampered capitalism, without any of those special government measures that interventionism and socialism require.
The logic of interventionism suggests that other socio-economic reforms would have to be introduced, such as certain welfare policies, to solve the growing unemployment problem, and those policies would likely spur further rounds of unintended and undesirable outcomes justifying still more policies and interventions.
Mises attempted to tar moral reformism with the brush of interventionism, suggesting that a morally improved capitalism is unworkable.
www.acton.org /publicat/m_and_m/2001_spring/prychitko.html   (5186 words)

  
 Freeman Library | Foundation for Economic Education
The economic principles that Mises expounded in these six essays during the 1920s have endured the test of time.
This primer on economic principles brilliantly analyzes the seen and unseen consequences of political and economic actions.
Topics discussed include the crucial distinction between natural and social sciences; the fallacies of Marxism; the disastrous effects of inflation on the economy; the necessity of a stable monetary system backed by the gold standard; and the relationship between capitalism and human progress.
www.fee.org /library/default.asp?c=books   (737 words)

  
 Al-Ahram Weekly | Economy | Cloth of the revolution
The High Dam project, which was central to the country's economic and agricultural development programmes, was a direct reason for the nationalisation of the Suez Canal.
One should keep in mind that economic interventionism was common in the post-war period even in major capitalist economies.
State interventionism, as envisioned by the authors of the Banque Misr report, was to be of a limited and temporary nature.
weekly.ahram.org.eg /2002/598/ec1.htm   (1219 words)

  
 The Bible mandates free market capitalism. It is anti-socialist. The proof is here: over 8,000 pages of exposition, ...
"Economic democracy" is the system whereby two wolves and a sheep vote on what to have for dinner.
Christian socialists and defenders of economic planning by state bureaucrats deeply resent this interpretation of their ethical position.
Socialism and middle-way economic interventionism by the state produce poverty and bureaucracy.
www.garynorth.com /public/department57.cfm   (1642 words)

  
 OP   (Site not responding. Last check: 2007-11-01)
Economic reform programmes implemented in post-socialist countries do not deliver on much of their promises.
Prolonged economic downturn, growing unemployment, persistent inflation and declining consumption gave rise to general frustration and disappointment.
The transformation into a market economy relies on a radical departure from egalitarianism and economic interventionism, with resulting changes in the distribution of income and wealth adversely affecting the most pivotal social groups (wage earners and farmers), at least in the short run.
www.cepr.org /pubs/OPS/Op6.htm   (450 words)

  
 Promethean Capitalism Part Seven: Economic Fascism
Today the corporation continues to be the means to consolidate and control modern economies, a container in which individual economic action is more easily managed and integrated with political rule, under the complex systematization of corporate law.
This is because the most prevalent economic systems today are just variations on a theme: the economic dominance of the state, control over exchanges within the state and between states, and what has evolved within that system.
Virtually every country is fascist today, differing only in degree and kind of economic freedom which has met with interference from the encroachment of the state and from the commingling of business and government which is inevitable in a statist society.
www.promethea.org /Misc_Compositions/PrometheanCapitalism/Fascism.html   (1995 words)

  
 Third World Network Africa - TWN Africa
Although NEPAD diagnoses Africa’s economic malaise in part, as a result of colonial underdevelopment, globalisation and structural adjustment programmes, the irony is that the programme looks up to the Western industrialized world through aid, trade and investment flows for a panacea to continent’s underdevelopment.
The era of economic reforms further weakened the capacity of the state since the economic adjustment agenda focused primarily on minimal state intervention in the economy.
Although the economic decline can be traced right from the pre-independence era to the era of economic nationalism, the failure to turn around the fortunes of the economy through economic reform programmes and policies also hinges on the failure to implement meaningful debt elimination strategies.
twnafrica.org /news_detail.asp?twnID=225   (9483 words)

  
 History News Network
The analogy I was making was thus not between the case for economic libertarianism and the case for antiwar libertarianism.
But the parallel between military interventionism and economic interventionism is stronger still.
And just as the logical endpoint of the cycle of economic interventions is complete socialism, so the logical endpoint of the cycle of military interventions is world conquest.
hnn.us /blogs/entries/6046.html   (1193 words)

  
 On Power: The Independent Institute | Crisis and Government | Economy
Yet the crises it has produced have furnished the excuses for new economic interventions, which bring on new crises and then new interventions as ever more political-economic cycles are created.
Economics as a Coordination Problem: The Contributions of Friedrich A. Hayek.
Economic liberalization and growth of the market, rather than child labor laws, diminished child labor.
www.onpower.org /crises_economy.html   (2956 words)

  
 The Failure of Economic Interventionism
All economic enterprises are departments of the government just as the administration of the army and the navy or the postal system.
The worst enemies of capitalism, they say, are those intransigent doctrinaires whose excessive advocacy of economic freedom, of laissez-faire and Manchesterism renders vain all attempts to come to a compromise with the claims of labor.
For interventionism is neither a middle way nor a compromise between capitalism and socialism.
www.house.gov /jec/classics/mises.htm   (7164 words)

  
 International Relations Center | Policy Brief | The Next Four Years
In economic policy, the administration rejected the notions of a social democratic management of capitalism in favor of policies that catered to the short-and medium-term interests of Corporate America.
The first GW Bush administration came to office in 2001 with the conviction that it needed to construct a new foreign and military policy that was shaped by the realities of a unipolar world.
Veteran opponents of both liberal interventionism (Southeast Asia) and right-wing, neoconservative interventionism (Central America) will recall that these movements persisted for many years—more than a decade in the case of Vietnam—before the society as a whole recognized the folly and crime of such military interventionism.
www.irc-online.org /content/13   (2876 words)

  
 Refutations of Respectable Fallacies Concerning the Iraq War
Christopher Westley, assistant economics professor at the University of Jacksonville, thoroughly emphasizes the costs of the campaign and their expected long-term detriment to the American economy via accelerating inflation.
Simply put, Iraq, even under the economically catastrophic sanctions regime, had been the source of eight percent of oil employed in the United States.
All countries of backward economic condition in the history of man have been such due to the expropriation and terrorization conducted by totalitarian governments.
www.geocities.com /rationalargumentator/iraqwarfallacies.html   (2640 words)

  
 Government Interventionism in Ireland, Part 2   (Site not responding. Last check: 2007-11-01)
Government interventionism, of one form or another, was the dominant creed in the early 20th century, and Ireland’s intellectuals, like so many others around the world, succumbed to the belief in salvation through government control.
Unfortunately, it is precisely the craving for government control that made their hopes for self-determination so unappealing to a significant minority of their population, the very people whose cooperation they required to make a peaceful departure from British control.
It is interesting to note that the British government itself throughout the 20th century would become more and more enamored of economic interventionism and the socialistic welfare state.
www.fff.org /freedom/fd0406d.asp   (1693 words)

  
 Prices, Halting Signals and Economic Interventionism by Alexander Marriott -- Capitalism Magazine   (Site not responding. Last check: 2007-11-01)
The class was studying the way the US Supreme Court changed its stance on economic interventionism during the years of the Great Depression.
Capitalism, which has no role for the government in the economy (aside from contract enforcement and protection of individual rights), economically relies on the signals of prices for allocation of labor, natural resources, intermediate goods, in effect everything involved in the mutually beneficial transactions of the free marketplace.
The economic consequences, let alone the moral abhorrence of state bureaucrats deciding on prices, of this kind of legislation are as follows.
capmag.com /article.asp?ID=3609   (720 words)

  
 Mises Economics Blog: Paul Samuelson vs. Outsourcing
Again economics cannot answer whether the utility gain to the billionaire from stealing the starving individual's shoes is greater than the utility loss of the starving individual who has had his shoes stolen.
The economic meltdown which has occured all throughout Asea (globalization and What happened to it) is well discribed in his book.
and you are in a word salad of economic theory that does not account for the more than 100 million human beings murdered by natural resources during the 20th century other than to blame it all on the socialists.
blog.mises.org /blog/archives/002463.asp   (6780 words)

  
 Bryan Caplan, The Idea Trap: Library of Economics and Liberty
One of the most important facts about economic growth is that, on average, poor countries do not catch up to rich countries.
Thus, the least pleasant places in the world to live normally have three features in common: First, low economic growth; second, policies that discourage growth; and third, resistance to the idea that other policies would be better.
In the West, all intellectuals become Communists because they are seeking the answer to one of two problems: the problem of war or the problem of economic crisis.
www.econlib.org /library/Columns/y2004/Caplanidea.html   (1764 words)

  
 Federal Reserve Interventionism
Although not as much a topic of focus in the financial press as the stock market, a nation's currency is the foundation of its economy and it therefore follows that to enjoy a strong economy a country must have a strong currency.
And the words "growth of the country" is so nebulous that it would be well within the spirit of the Fed's past actions to interpret this to mean growth of government (as opposed to growth of the country's backbone, the middle class and its institutions).
As many have already pointed out, this is interventionism plain and simple, replete with all the usual assumptions of benevolent omniscience on the part of the central planners.
www.gold-eagle.com /gold_digest_03/droke061603.html   (1510 words)

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