That would be state capitalism.
contrast the social contract theory of government with the divine right theory. what type of government would result from each theory?
Divine Right Theory is the theory about the origins of government that it was created by divine power.
The origin of government emphasizes the power of violence through the force theory.
Social Contract Theory
Laissez-Faire
Laissez-faire
Under the economic theory of a free market system, the government does not get involved in the economy. This is true to a certain extent. Government is usually involved when banks fail, larger companies fail, and when farmers need relief from lower prices.
Depression should be left to be solved themselves without the Government getting involved in the economy.
That the government oversee and regulate the balance of the economy.
Depression should be left to be solved themselves without the Government getting involved in the economy.
Depression should be left to be solved themselves without the Government getting involved in the economy. oh and you misspelled "depression" too. :)
No capitalism does not advocate government action to stop boom and bust cycles in the the economy. The economic theory of Keynesian is usually what advocates it.
A centrally planned economy with all economic and political power resting in the hands of the central government is known as communism. Karl Marx developed communism into a scientific theory.
Depression should be left to be solved themselves without the Government getting involved in the economy.
Keynesianism is an economic theory that advocates for government intervention in the economy, particularly during times of economic downturn, to stimulate demand and spur growth. It emphasizes the role of aggregate demand in shaping the overall economic output. This can be achieved through measures like government spending programs and monetary policies to stabilize the economy.
The theory that discouraged government interference in economic matters was social Darwinism. Some social Darwinists think that governments should not interfere by trying to regulate the economy as this would take away competition and self-interest in social and business matters.