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A major question for liberal politics and liberal political theory
concerns the proper scope of government. Liberalism has always
favored limited government, but there has been wide-ranging dispute
among liberals about just how extensive the scope of government
should be. Included in this dispute are questions about the extent
of state ownership of the means of production, redistribution of
wealth and income through the tax code and transfer programs, and
the extent of government regulation.
A major question for liberal politics and liberal political theory
concerns the proper scope of government. Liberalism has always
favored limited government, but there has been wide-ranging dispute
among liberals about just how extensive the scope of government
should be. Included in this dispute are questions about the extent
of state ownership of the means of production, redistribution of
wealth and income through the tax code and transfer programs, and
the extent of government regulation.
The Philosophy and Economics of Market Socialism offers a comparative evaluation of market socialism and a free enterprise system. It argues that a market socialist system would be responsible for widespread and systematic exploitation that is precluded or minimized in a free enterprise system. This analysis draws on recent work on the economics of contracts and organizations. Arnold locates his analysis in the larger context of the capitalism/socialism debate.
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