Explain how interventionists vie for the by Dr. Robert Murphy @Mises

Question 6 / 49: Explain how interventionists vie for "the best of both worlds."

Answer:

The interventionists want to retain a market economy with private property, but have the government selectively "intervene" in order to correct certain features they dislike.

Thus, the interventionists claim they are avoiding the excesses of pure capitalism and the horrors of pure socialism.

Sample Partial Credit Answer

The interventionists want a mixed system that is better than capitalism and socialism.

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https://www.jobilize.com/interventionism-the-mixed-economy-by-dr-robert-murphy-mises

Interventionism: The Mixed Economy

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Dr.Robert MurphyAssociated Scholar

Mises Institute

USA

Attribution: Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY

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