Economic interventionism
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Economic interventionism (sometimes state interventionism) is an economic policy perspective favoring government intervention in the market process to correct the market failures and promote the general welfare of the people. An economic intervention is an action taken by a government or international institution in a market economy in an effort to impact the economy beyond the basic regulation of fraud and enforcement of contracts and provision of public goods.
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See also
- American School (economics)
- Austrian School
- Crowding out
- Dirigisme
- Indicative planning
- Keynesian economics
- Fiscal policy
- Mixed economy
- Monetary policy
- Rent-seeking
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