The Limits of the Market

The Pendulum Between Government and Market

Business & Finance, Economics, Macroeconomics
Cover of the book The Limits of the Market by Paul De Grauwe, OUP Oxford
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Paul De Grauwe ISBN: 9780191087257
Publisher: OUP Oxford Publication: December 22, 2016
Imprint: OUP Oxford Language: English
Author: Paul De Grauwe
ISBN: 9780191087257
Publisher: OUP Oxford
Publication: December 22, 2016
Imprint: OUP Oxford
Language: English

The old discussion of 'Market or State' is obsolete.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 in order to create as much welfare as possible for everyone? What is the responsibility of the government 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 anything but easy to bring about. It is a difficult and sometimes destructive process that is constantly in motion. There are periods in history in which the market gains in importance. During other periods the opposite occurs and government is more dominant. The turning points in this pendulum swing typically seem to coincide with disruptive events that test the limits of market and state. Why we experience this dynamic is an important theme in the book. Will the market, which today is afforded a greater and greater role due to globalization, run up against its limits? Or do the financial crisis and growing income inequality show that we have already reached those limits? Do we have to brace ourselves for a rejection of the capitalist system? Are we returning to an economy in which the government is running the show?

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The old discussion of 'Market or State' is obsolete.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 in order to create as much welfare as possible for everyone? What is the responsibility of the government 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 anything but easy to bring about. It is a difficult and sometimes destructive process that is constantly in motion. There are periods in history in which the market gains in importance. During other periods the opposite occurs and government is more dominant. The turning points in this pendulum swing typically seem to coincide with disruptive events that test the limits of market and state. Why we experience this dynamic is an important theme in the book. Will the market, which today is afforded a greater and greater role due to globalization, run up against its limits? Or do the financial crisis and growing income inequality show that we have already reached those limits? Do we have to brace ourselves for a rejection of the capitalist system? Are we returning to an economy in which the government is running the show?

More books from OUP Oxford

Cover of the book John Stewart Bell and Twentieth-Century Physics by Paul De Grauwe
Cover of the book Migrants at Work by Paul De Grauwe
Cover of the book Natural Capital by Paul De Grauwe
Cover of the book The Oxford Handbook of Names and Naming by Paul De Grauwe
Cover of the book Secure Lives by Paul De Grauwe
Cover of the book The Oxford Handbook of Witchcraft in Early Modern Europe and Colonial America by Paul De Grauwe
Cover of the book Oxford Textbook of Psoriatic Arthritis by Paul De Grauwe
Cover of the book Civil Engineering: A Very Short Introduction by Paul De Grauwe
Cover of the book The Rising (New Edition) by Paul De Grauwe
Cover of the book Concern, Respect, and Cooperation by Paul De Grauwe
Cover of the book Intuition, Theory, and Anti-Theory in Ethics by Paul De Grauwe
Cover of the book The Political Economy of Monetary Solidarity by Paul De Grauwe
Cover of the book Oxford Handbook of Pre-Hospital Care by Paul De Grauwe
Cover of the book Jacob's Room by Paul De Grauwe
Cover of the book Environmental Law Dimensions of Human Rights by Paul De Grauwe
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy