How the World Works
Stephen Holmes: Alan Greenspan, 22 May 2014
The Map and the Territory: Risk, Human Nature and the Future of Forecasting
by Alan Greenspan.
Allen Lane, 388 pp., £25, October 2013,978 0 241 00359 6 Show More
by Alan Greenspan.
Allen Lane, 388 pp., £25, October 2013,
“... welfare can best be achieved if individual participants in the market, motivated by rational self-interest, are allowed to engage in economic activity unhampered by government, which should restrict itself to ‘setting the legal conditions of political freedom’. If markets are perfect, it follows that any interference by government will introduce ... ”