Philosophy and the Evolution of the Mixed Economy

Currently, the contemporary economic systems of different countries face a long time menace, which threatens their natural evolution. Stephen Hicks explains why markets ended up being captured by political processes in this context; also the reasons why different types of social agents and their interactions, led to this sort of relationship with governments. He tells how protective actions, towards individuals, resulted into predatory situations, as well as the relationship that private producers have been forced to develop with the welfare state; describing, in addition, the different types of hazardous scenarios that these associations produce, along with the effects they have on society.