The Limits of the Market: The Pendulum Between Government and Capitalism by Paul De GrauweThe Limits of the Market: The Pendulum Between Government and Capitalism by Paul De Grauwe

The Limits of the Market: The Pendulum Between Government and Capitalism

byPaul De Grauwe

Hardcover | February 28, 2017

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The old discussion of "Market or State" is obsolete.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 isthe 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 wereturning to an economy in which the government is running the show?
Paul De Grauwe is Professor at the London School of Economics. He was a member of the Belgian parliament from 1991 to 2003. He is honorary doctor of the University of Sankt Gallen, the University of Turku, the University of Genoa, and the University of Valencia. He has been a visiting professor at various universities including Paris, ...
Title:The Limits of the Market: The Pendulum Between Government and CapitalismFormat:HardcoverDimensions:192 pages, 8.5 × 5.31 × 0 inPublished:February 28, 2017Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198784287

ISBN - 13:9780198784289

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Table of Contents

Preface1. The Great Economic Pendulum2. The Limits of Capitalism3. External Limits of Capitalism4. Internal Limits of Capitalism5. The Utopia of Self-Regulation in the Market System6. Who Can Save The Market System from Destruction?7. External Limits of Governments8. Internal Limits of Governments9. Who is in Charge? Market or Government?10. Rise and Fall of Capitalism. Linear or Cyclical?11. The Euro is a Threat to the Market System12. The World of Piketty13. Pendulum Swings between Markets and Governments