Given the pervasive attachment in this society to the values of private property
ID: 1164998 • Letter: G
Question
Given the pervasive attachment in this society to the values of private property and free enterprise, what degree of judicial scrutiny of economic regulation is necessary? Should questions of economic regulation not be left entirely to the political process? Given the pervasive attachment in this society to the values of private property and free enterprise, what degree of judicial scrutiny of economic regulation is necessary? Should questions of economic regulation not be left entirely to the political process?Explanation / Answer
Ans
There is need for judicial scrutiny but not as much as in other societies where we don't find adherence to these values. However to enforce property rights to prevent demages from self interest which harms others etc we need judicial scrunity. But it should not be too much. We should carefully consider the benefits of judiciwlvscrunity vis-a-vis it's costs.
No it should not be entirely left to political process. Intellectual economists are needed to prevent harm from such policies. We have to consult these specialists as we consult specialists in medicine, Astronomy, health, IT etc. Politicians often lack economic knowledge. They can't provide right direction.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.