Source: University of Colorado

Date: January 2008

Type: White Paper

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Overview: This paper published by University of Colorado attempts to show exactly how economics transitioned from the fairly non-interventionist approach of the classical tradition to the more interventionist orientation that characterized the early days of neoclassical economics. The argument here is that this was done via two relatively simultaneous changes in the analysis: first, in terms of ""demonstrating"" both a greatly expanded theory of the failure of the system of natural liberty as against the classical view, and, second, through a more markedly positive view of the possibilities of corrective policy actions by the state.

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