Concept information
Preferred term
economic theories of the state
Definition
- According to an economic theory of the state, the state is best understood as the outcome of voluntary individual action. Its methodological foundations are individualistic as the preferences of individuals are taken as the basic starting point from which subsequent actions and institutions are to be theorized. [Source: The Encyclopedia of Political Science; Economic Theories of the State]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/economic_theories_of_the_state
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