In keeping with the pattern of the last century, today we observe staunch and oftentimes vociferous opposition
to even the prospect of state intervention in the market place to either curtail recessionary downturns
or mitigate the corollaries of market failure. To whom or to what is this knee-jerk revulsion to government
interference attributable? Is it justified? And what is the role of government in the contemporary
economy? Figures that have dominated this hemisphere of thought include free-market advocates such as
Friedrich von Hayek. On the other end of the spectrum, personalities like John Maynard Keynes challenged
fundamentally the idea that market economies will automatically adjust to create full employment, in the
process setting the parameters of a debate that rages on into the contemporary era.
John Maynard Keynes Friedrich Von Hayek State Intervention In The Market Place Free-Market Keynesian Theory
Birincil Dil | İngilizce |
---|---|
Bölüm | Makaleler |
Yazarlar | |
Yayımlanma Tarihi | 1 Ocak 2018 |
Gönderilme Tarihi | 13 Kasım 2017 |
Yayımlandığı Sayı | Yıl 2018 Cilt: 10 Sayı: 18 |