Government Intervention in the Economy. Social Sciences Essay

This week’s lecture presented Smith (1776; Ch.3), Smith (1776; Ch.4), and Von Thunen (1826) as a sequential progression of academic thought that partially explains the spatial and economic implications of decentralization, entitlement, and a well-functioning security-development nexus. We then discussed the ways in which the interaction of market-based exchange and the accumulation enabled by the security-development nexus can entrench economic inequality across space and promote uneven development. In 200 words or less, construct a succinct and effective argument that clearly states your position on what the appropriate level of government intervention in the economy should be.
Do not restate any of the sentences contained in this question. Try to use examples from the lecture and class discussion to support your argument. Outside information will also be accepted, but we will fact check any and all claims we cannot immediately verify.