... believed, "Unfettered individual action should be permitted, nothing should be allowed to interferewhich protected and thereby perpetuated weaker types," (76). This suggests that a limited government, like that of Adam Smith in classical economics, promotes the most competition and thus only allows the most efficient firms to produce and distribute. For individualists, social welfare policies like that of Owen, allow less ... ...

• Word Count: 1068
• Approx Pages: 4
• Has Bibliography
• Grade Level: Graduate