Minimal Functions
1.Providing pure public goods
2.Defense, Law and order
3.Property rights
4.Macroeconomic management
5.Public health
6.Improving equity
7.Protecting the poor
Intermediate Functions
- Addressing externalities
- Education, environment
- Regulating Monopoly
- Overcoming imperfect education
- Insurance, financial regulation
- Social Insurance
Activist Functions
- Industrial policy
- Wealth redistribution
Top comments (0)