Members of the Chicago School of Economics accept competitive equilibrium as their ideal benchmark, and as a result, they also accept the whole of the welfare state or error-free market, including the alleged need of antitrust regulation.
Chicago School economists deny the arguments about the necessity of state intervention in order to achieve full employment and desired rate of economic growth. Also known as Monetarism, or Supply-side economics, this direction is opposed to economic interventionism of the state and requires that economic policy abide by the rules of solid long-term growth of money supply in accordance with market needs. It proposes incentives to the supply side, freeing producers of higher landfill tax and other duties.
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