THE LIMITS OF THE MARKET: THE PENDULUM BETWEEN GOVERMENT AND MARKET libro de 192 paginas, escrito en español que trata sobre Economía, escritas por el escritor PAUL DE GRAUWE , 2017 financiado por la editoral OXFORD UNIVERSITY PRESS
The old "market or state" discussion has become obsolete.
There will always have to be a mix of market and state.
The only relevant question is what that mix should look like.
How far do we have to let the market go its own way to create as much welfare as possible for everyone?
What is the government's responsibility in creating welfare?
These are difficult questions.
But they are also interesting questions and Paul De Grauwe analyses them in this book.
The desired mix of market and state is not easy to achieve.
It is a difficult and sometimes destructive process that is constantly in motion.
There are periods in history when the market is gaining in importance.
During other periods the opposite occurs and the government is more dominant.
The tipping points in this pendulum swing typically seem to coincide with disturbing events that test the limits of the market and the state.
Why we experience this dynamic is an important theme in the book.