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Monitoring the State or the Market

Monitoring the State or the Market

From Laissez Faire to Market Fundamentalism

Vito Tanzi

Cambridge University Press
Publication date : 2023-12-21

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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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About the book

Author

Vito Tanzi

Imprint

Cambridge University Press

Collection

n.c

Publication date

2023-12-21

Pages

n.c

Print ISBN

9781009434447

Language

English

Ebook informations

EAN PDF

9781009434485

Price

£24.25

Copy count 0

Print count 0

File size 1577 Ko

Informations accessibility

EAN EPUB

9781009434454

Price

£24.25

Copy count 0

Print count 0

File size 2335 Ko

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About author(s)

Vito Tanzi

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