Bibliograph

The limits of the market, the pendulum between government and market, Paul de Grauwe ; translated by Anna Asbury

Type

Label

The limits of the market, the pendulum between government and market, Paul de Grauwe ; translated by Anna Asbury

Language

eng

Bibliography note

Includes bibliographical references (pages 157-158) and index

Illustrations

illustrations

Index

index present

Literary Form

non fiction

Main title

The limits of the market

Nature of contents

bibliography

Oclc number

957546349

Responsibility statement

Paul de Grauwe ; translated by Anna Asbury

Sub title

the pendulum between government and market

Summary

"The old discussion of 'Market or State' is obsolete.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?"--Jacket

Table Of Contents

The great economic pendulum -- The limits of capitalism -- External limits of capitalism -- Internal limits of capitalism -- The utopia of self-regulation in the market system -- Who can save the market system from destruction? -- External limits of governments -- Internal limits of governments -- Who is in charge? Market or government? -- Rise and fall of capitalism : linear or cyclical? -- The euro is a threat to the market system -- The world of Pilketty -- Pendulum swings between markets and governments

Classification

Contributor