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Terrorism in relation to the global economy   Message List  
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Re: [economics] Terrorism in relation to the global economy

With your argument you seem to reject the basic foundations of a market economic system, meaning that the persuit of private gain leads to the greater good of the society (invisible hand). In the past an increase in government involvement in the economy was accompanied  by a decline in productivity, increasing inefficiency, loss of competitiveness, loss of employment and overall loss of welfare.

adamrice wrote:

 The recent acts of terrorism inflicted on the United States have
again  brought forth the governments control of economic situations.
Although we are going to see a steep yield curve in the year to come
as well as growing inflation I believe that government control will
fortify our economy as a whole. Politicians actions are often much
more oriented towards the benefit of society as a whole, where the
private sector and CEOs tend to care only about themselves and their
major investors. Does anyone have any thoughts or arguements on this
matter?
 
 


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Thu Dec 6, 2001 1:00 pm

faltin2001
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The recent acts of terrorism inflicted on the United States have again brought forth the governments control of economic situations. Although we are going to...
adamrice
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Dec 5, 2001
9:19 pm

With your argument you seem to reject the basic foundations of a market economic system, meaning that the persuit of private gain leads to the greater good of...
dirk Faltin
faltin2001
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Dec 8, 2001
6:38 am

You neglect to mention ( I will try to give you the benefit of the doubt that you know/understand the following ) that the selfish behavior of the private...
Gray, Lynn
bereangray
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Dec 8, 2001
6:39 am
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