Interventionism
Chapter 7. The Ethical Justification of Capitalism and Why Socialism Is Morally Indefensible
Pages 151–172 in the text.
Chapter 8. The Socio-Psychological Foundations of Socialism or The Theory of The State
Pages 173–198 in the text.
Michel Accad, MD, Leads Bob on a Discussion of “Efficiency” and “Market Failure” as Used in Health Economics
Bob Murphy and Michel Accad discuss the development of “welfare economics” in mainstream theory.