No economist ever dared to assert that interventionism could result in anything else than in disaster and chaos. The advocates of interventionism—foremost among them the Prussian Historical School and the American Institutionalists—were not economists. On the contrary. In order to promote their plans they flatly denied that there is any such thing as economic law. In their opinion governments are free to achieve all they aim at without being restrained by an inexorable regularity in the sequence of economicphenomena Like the German socialist Ferdinand Lassalle, they maintain that the State is
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