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

Name: The Limits of the Market : The Pendulum Between Government and Market
Brand: Oxford University Press

Oxford University Press

Explore the dynamic relationship between government and the market in Paul De Grauwe's "The Limits of the Market: The Pendulum Between Government and Market." This insightful book challenges the outdated debate of 'Market or State,' arguing that the crucial question lies in finding the optimal balance between the two to maximize societal welfare. De Grauwe meticulously analyzes the historical ebb and flow of market dominance versus government intervention, explaining the forces that drive these shifts and their connection to disruptive events. Discover how current global trends like globalization, financial crises, and rising income inequality are testing the boundaries of market efficacy. The book probes whether capitalism is nearing its limits and if a return to government-centric economic models is inevitable. Accessible and jargon-free, it's essential reading for anyone interested in the future direction of the economy, covering critical issues such as climate change and the fundamental question of government's role in welfare creation. Summary: The Limits of the Market (The Pendulum Between Government and Market) by Paul De Grauwe, published by Oxford University Press. Explores the optimal mix of market and state, historical pendulum swings, and the limits of capitalism. Essential for understanding economic direction and welfare policy.