{"product_id":"monitoring-the-state-or-the-market-from-laissez-faire-to-market-fundamentalism-hardback-9781009434447","title":"Monitoring the State or the Market; From Laissez Faire to Market Fundamentalism (Hardback) 9781009434447","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eMonitoring the State or the Market\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eFrom Laissez Faire to Market Fundamentalism\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThe book provides a unique perspective of economic changes over two centuries, focusing especially on the past half century.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eVito Tanzi (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781009434447, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 21 December 2023\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e232 pages\u003cbr\u003e23.5 x 15.5 x 1.8 cm, 0.465 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'The book encapsulates Tanzi's reflections and musings on both economic history and the history of economic thought from the three periods studied. His aim of evaluating who was more sensible, those pushing for minimal state involvement or those arguing for a larger role for the government, is admirable and timely. Recommended.' K. J. Murphy, CHOICE\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eMany 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePart I.: 1. Introduction\u003cbr\u003e 2. Early views on the economic role of the state\u003cbr\u003e 3. Laissez faire and the industrial revolution\u003cbr\u003e 4. The Beginning of economic reforms\u003cbr\u003e 5. On resource allocation, optimality and equity\u003cbr\u003e 6. On beginning of changes in the activities of governments\u003cbr\u003e 7. Toward larger government roles\u003cbr\u003e Part II.: 8. The Growing importance of equity and safety nets\u003cbr\u003e 9. The creation of welfare states\u003cbr\u003e 10. The conservative counterrevolution\u003cbr\u003e 11. Different approaches to social protection\u003cbr\u003e 12. The economy in the 1970s\u003cbr\u003e Part III.: 13. A return to 'laissez faire'?\u003cbr\u003e 14. The policies of market fundamentalism: tax reforms, globalization and deregulation\u003cbr\u003e 15. The growing importance of monetary policy\u003cbr\u003e 16. Equity aspects of market fundamentalism\u003cbr\u003e 17. Other aspects of market fundamentalism\u003cbr\u003e 18. Cultural aspects of fundamentalism\u003cbr\u003e 19. Growing conflict between efficiency and equity\u003cbr\u003e 20. Intellectual property and venture capitalists\u003cbr\u003e 21. The world in the 21st century\u003cbr\u003e 22. Impact of new economic developments on market and democracy\u003cbr\u003e 23. More on economy and culture in the present time\u003cbr\u003e 24. Summing up and general conclusions.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Development economics \u0026amp; emerging economies [\u003ca title=\"See our other books on Development economics \u0026amp; emerging economies\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Development%20economics%20\u0026amp;%20emerging%20economies%20%5BKCM%5D%22\"\u003eKCM\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Brand New","offer_id":52414006624536,"sku":"9781009434447","price":68.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781009434447i.jpg?v=1784335517","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/monitoring-the-state-or-the-market-from-laissez-faire-to-market-fundamentalism-hardback-9781009434447","provider":"Freshly Printed Books","version":"1.0","type":"link"}