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Public Policy

  • David Reisman
Chapter
Part of the Great Thinkers in Economics book series (GTE)

Abstract

Malthus like all classical liberals looked in the first instance to self-stabilising mechanisms and the free market to solve the economic problems of supply and demand. The State should ensure a stable framework of law and order to prevent the reappearance of Hobbes’s state of war. Bad governments in the past had been predatory and insensitive, open to the special pleading of interest groups that seek to redistribute the national wealth when they ought to increase it. The inference is a constitution reflecting the damage-containing rule of minimax. In spite of that Malthus called for pragmatic intervention in forms such as the Corn Laws to exclude cheap imports and the legalisation of trades unions. Education for citizenship was also important to inculcate in the masses a resistance to demagogues and revolutionaries.

Keywords

Public policy Free market Supply and demand Economic governance 

References

By T. R. Malthus

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.Nanyang Technological UniversitySingaporeSingapore

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