Madison and the Market Economy
12 Pages Posted: 13 Nov 2007
This is a review of James Madison and the Future of Limited Government, a CATO Institute publication, edited by John Samples. The thesis of the review is that Madison has been improperly presented as a believer in limited government. Rather his public and private writings indicate that he was suspicious of the market, and saw the need for positive government in order to regulate private economic power. He also believed that the meaning of words was dim and doubtful, requiring interpretation.
Keywords: madison, market economy, private economic power
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