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portada Monitoring the State or the Market: From Laissez Faire to Market Fundamentalism
Type
Physical Book
Language
English
Pages
200
Format
Paperback
ISBN13
9781009434478

Monitoring the State or the Market: From Laissez Faire to Market Fundamentalism

Vito Tanzi (Author) · Cambridge University Press · Paperback

Monitoring the State or the Market: From Laissez Faire to Market Fundamentalism - Vito Tanzi

Physical Book

£ 24.33

  • Condition: New
Origin: U.S.A. (Import costs included in the price)
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Synopsis "Monitoring the State or the Market: From Laissez Faire to Market Fundamentalism"

Many economists argue that economic analysis should avoid the distributional consequences of policies. In democratic countries, however, the political power of individuals inevitably reflects their wealth and income. You cannot have a democracy when income and wealth distributions are greatly uneven. Monitoring the State or the Market explains that absolute income equality is not consistent with a market economy, yet neither is large inequality. This study provides a broad survey of major social and economic developments over the past two centuries, beginning with the Industrial Revolution and laissez faire and ending with neoliberalism and market fundamentalism. It explains how each of these periods initially brought moderation and accompanying benefits, showing that some countries, such as those in Scandinavia, have demonstrated that it is possible to have low Gini coefficients (low inequality), while preserving economic freedom and prosperity.

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The book is written in English.
The binding of this edition is Paperback.

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