The Making of Ideal Economic Policies: a Focus on Nigeria

The Making of Ideal Economic Policies: A Focus on Nigeria By: Salim Salihu Muhammed The model scotch strategy, both for today and tomorrow, is truly simple. Government should protect and defend against domestic and foreign trespass the lives and property of the persons under its jurisdiction, settle disputes that arise, and leave the people otherwise free to pursue their various goals and ends in life. This is a root word idea in our interventionist age. Governments today are often asked to inflect and control production, to raise the prices of some goods and services and to lower the prices of others, to regulate wages, to help some businesses get started and to keep others from failing, to encourage or hamper imports and exports, to care for the sick and the elderly, to support the thrifty, and so on and on and on. Professor Mises (1881-1973) was one of the 20th centurys beginning(a) economists. He explains simple truths of history in terms of sparing principles. He describes how capitalism destroyed the hierarchical order of European feudalism, and discusses the political consequences of various kinds of government. He analyzes the failures of socialism and the welfare order and shows what consumers and workers can accomplish when they are free under capitalism to determine their induce destinies.

So we see that the best economic policy is to limit government to creating the conditions which permit individuals to pursue their own goals and live at peace with their neighbours. Governments obligation is plainly to protect life and property and to allow people to taste the freedom and opportunity to cooperate and trade with one another. In this way government creates the economic environment that permits capitalism to flourish. However, the reality of an economic policy or programme is only a means to an end, its implementation, vis-à-vis the private sectors involvement in the process may go a long way in making the policy a reality, and, a persist that would... If you want to get a full essay, order it on our website: Ordercustompaper.com

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