The economic role of the state

B. Blackwell

1989

178 p.

Includes bibliographical references.

0631171355

Since the Great Depression the legitimacy of the state has become closely linked to its economic performance. Recently, public choice, monetarism and the New Classical macroeconomics have all questioned the efficiency and desirability of State intervention in the economy. This book, founded on an essay by Professor Joseph E. Stiglitz aims to provide an insight into the positive and normative aspects of the evolving role of the State. Professor Stiglitz's essay is taken up and discussed by a group of economists who address the crucial question of whether there can be an optimum with respect to the size and character of the public sector.

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