Lecture 5 - Government Regulation & Laissez-Faire Policy

Government Regulation

5.1 Reason of regulation - Natural selection

5.2 Reason of regulation - Human habit

5.3 Aims of the government

5.4. Rule of government conduct & government economic intervention

Laissez-Faire Policy Under Confucianism

5.5 Theory & origin (from observing natural production)

5.6 Distributive inequality caused by free competition