Publication Date
5-2-2009
School
School of Business
Major
Business: Economics; Business: Finance; Business: Marketing
Primary Subject Area
Business Administration, Banking; Business Administration, General; Business Administration, Marketing; Economics, General
Keywords
Free-markets, Government regulation, Business, Finance, Laissez-faire, Intervention, Economy, Economics, United States, Interference
Recommended Citation
Philpott, Sean M., "How a Departure From Free-market Principles Contributed to the Current Economic Downturn" (2009). Senior Honors Theses. 253.
https://digitalcommons.liberty.edu/honors/253
Abstract
What should the role of government be in regulating the economy? Through this paper the reader will gain an understanding of the impact of government intervention, when intervention is justified, and what happens when the government over regulates. The research will also reveal some major similarities between today’s economic downturn and the financial debacle of the Great Depression. Finally, analysis will show that, as a result of this unnecessary government intervention, that there is a crisis that is not solely American, but one that has become a major contributor to the global downturn.
