Chapter 44: Free Competition and State Action

1. What is economic freedom? How different from political freedom?

2. Does the presence of a policeman increase or diminish competition among men?

3. Are most positive laws intended to hinder competition or make it freer?

4. In what ways does competition reduce the total product?

5. Is custom a better regulator of economic action than competition?

6. Criticize the doctrine of economic harmony, giving examples.