The Limits of the Market - pr_359851

The Limits of the Market

The Pendulum Between Government and Market



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Will the financial crisis and growing inequality mark a new turning point in the balance of power between the free market and government? Are we about to witness the overthrow of capitalism, and will the state resume control?In The Limits of the Market, Paul De Grauwe examines why a healthy mix of market and state seems so difficult. Periods in which the free market gains in importance inevitably alternate with periods in which the government takes control. The turning points in this eternal pendulum motion typically seem to coincide with disruptive events that put the limits of market and state to the test.Today, after decades of triumph, capitalism is well on its way to destroying itself and allowing the government to take the lead, warns De Grauwe. Key issues such as climate change and rising income inequality illustrate the inevitable external and internal limits of the market. Only government seems to be in a position to offer a solution. But the state will also hit limits and, in turn, pave the way for a market comeback.

Product code: 9780198784289

ISBN 9780198784289
Dimensions (HxWxD in mm) H222xW145xS16
No. Of Pages 182
Publisher Oxford University Press
Paul De Grauwe examines why a healthy mix of market and state seems so difficult and analyses the internal and external limits of the market and the government, and the swing between these two points.