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These lead to the findings of spillover benefits for which the beneficiary did not pay or an injured party did not receive compensation. These matters were treated in the new welfare economics under the subject of “externality†(Speigal 572-578). The government must invest money to get the economy moving...
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The government must invest money to get the economy moving. This can be seen in history during the Great Depression when the FDR presidency put people to work to build dams, roads, etc. The free market did not fix the Great Depression, and government intervention was needed.
This conflict between consumers and producers has produced economic analysis of government intervention in the market place...
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