Economic Roles of the Government

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Economic Roles of the Government

Presentation transcript:

Economic Roles of the Government Lessons From Rome

Economic Roles of the Government Support a legal system and protect property rights Protect the rights of the citizens Think your home, car, or the courts (add your own) Provide Public Goods Shareable and not excludable Think roads, military protection (add your own) Maintain competition in the markets Free trade, business can use profit the way they want Think reinvest in their own business (add your own) Redistribute income through tax collection Bread and circuses (free food and gladiator games) Think food stamps, grants for college (add your own)