FinanceThe Concept and Impact of Limited Government
This article explores the concept of limited government, a political system characterized by legal restrictions on governmental power to safeguard individual freedoms. It delves into its historical evolution, from early documents like the Magna Carta to the U.S. Constitution, and examines its economic implications, particularly its association with free-market principles. The discussion also addresses the challenges of limited government and differentiates it from the notion of small government.