Abstract
This chapter overviews the classical liberal framework for thinking about the proper scope of government functions and their proper allocation to different levels in a federal system. The similarities to and differences from the standard economic approach based on market failures are explored. I cover three key questions: (1) Which goods should be produced by government, funded by government but produced by markets, or left entirely to markets? The distinction between public-private partnerships, vouchers, and cash transfers is also discussed.
| Original language | English (US) |
|---|---|
| Title of host publication | The Routledge Handbook of Classical Liberalism |
| Publisher | Taylor and Francis |
| Pages | 164-182 |
| Number of pages | 19 |
| ISBN (Electronic) | 9781040460139 |
| ISBN (Print) | 9781040737101 |
| DOIs | |
| State | Published - Jan 1 2026 |
ASJC Scopus subject areas
- General Social Sciences
- General Economics, Econometrics and Finance
- General Arts and Humanities
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