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Questions and Answers
What is the primary function of the modem state according to the text?
What is the primary function of the modem state according to the text?
To protect the country from external invasion and maintain peace and security within the country.
Why is state expenditure on security and justice considered productive?
Why is state expenditure on security and justice considered productive?
Because it helps indirectly in carrying out activities that are labeled as productive.
In what circumstances does the modem state intervene in economic spheres?
In what circumstances does the modem state intervene in economic spheres?
When it finds that its laws are being violated, or when private capital is not forthcoming in certain industries.
What is the role of the modem state in industries where private capital is not forthcoming?
What is the role of the modem state in industries where private capital is not forthcoming?
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What is the justification for state interference in economic affairs according to modern economists?
What is the justification for state interference in economic affairs according to modern economists?
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What is the relationship between the modem state and individual rights in private property?
What is the relationship between the modem state and individual rights in private property?
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