EDWIN EMIL WITTE’S COURSE ON “GOVERNMENT AND BUSINESS,” ECONOMICS 146, FALL 1954

Abstract

Business is any legally permissible economic activity for gain. The first relation between government and business is that government determines by law what are the illegal activities, e.g. fraud, crime, violence. Government is the rule maker.

Citation

Samuels, W.J. (2004), "EDWIN EMIL WITTE’S COURSE ON “GOVERNMENT AND BUSINESS,” ECONOMICS 146, FALL 1954", Samuels, W.J. (Ed.) Wisconsin "Government and Business" and the History of Heterodox Economic Thought (Research in the History of Economic Thought and Methodology, Vol. 22), Emerald Group Publishing Limited, Leeds, pp. 7-32. https://doi.org/10.1016/S0743-4154(03)22045-9