Hayek, Keynes, and the Economic Role of the State

2020 ◽  
pp. 32-50
Author(s):  
Vito Tanzi
Keyword(s):  
Twentieth Century ◽  
Low Income ◽  
The State ◽  
Role Of Government ◽  
Welfare Policies ◽  
Economic Role ◽  
The Poor ◽  
Role Of The State ◽  
Government Role

The chapter considers how two economic giants of the twentieth century saw the economic role of the market, comparing Hayek’s trust in the market with Keynes’ growing doubts about its role. There are areas where they strongly disagreed but also many areas of convergence. The greatest divergence in their positions was in the role of government in stabilizing policies. It can be said that these two economists actually had less extreme views that many assume they did. Keynes’ views were less socialist than many assume while Hayek’s views were less conservative. Hayek theorized a government role in regulations vis-à-vis the environment and vis-à-vis guaranteeing a low income for the poor; Keynes was against high taxes and was relatively indifferent to welfare policies.

scholarly journals THE ECONOMIC ROLE OF THE STATE IN CONDITIONS OF GLOBALIZATION

2019 ◽  
Vol 4 (8) ◽  
pp. 22-33
Author(s):  
ELGUJA MEKVABISHVILI
Keyword(s):  
Market Economy ◽  
State Government ◽  
The State ◽  
Role Of Government ◽  
Economic Role ◽  
Role Of The State ◽  
Transnational Companies ◽  
Entire Society ◽  
Modern Economic

State (government) intervention in the economy has a long history. This issue has become especially crucial after the formation of the market economy. The cyclical (uneven) nature of market economy development determines state›s intervention with various levels in certain periods. the role of government in economy is getting more important in recession and crisis periods and it is becoming less important in a period of the normal development of the economy. The most obvious proof of this is the global financial and economic crisis of 2007-2008, that has been overcome by the active anti-crisis policy of the State. The government’s role in the economy during the post-crisis period was relatively weakened. Globalization significantly changes the state›s economic role, but it does not nullify it. Nowadays, the relationship between the state and the economy is crucial and beneficial for both sides. In the modern economic system the state has one of the most important parts of the market economy. Unlike the private market, which is determined by the profit and-loss categories, the main objective of the State›s economic activity is to maximize welfare of the entire society. Governments of the countries participating in the globalization process are not able to carry out economic policy without taking into consideration the interests of the global members - international financial and economic institutions, transnational companies (TNCs) and regional unions.

scholarly journals Tantangan globalisasi, peran negara, dan implikasinya terhadap aktualisasi nilai-nilai ideologi negara

2020 ◽  
Vol 17 (1) ◽  
pp. 15-28
Author(s):  
Tatar Bonar Silitonga
Keyword(s):  
The State ◽  
Literature Study ◽  
Role Of Government ◽  
Role Of The State ◽  
And Behavior ◽  
Attitudes And Behavior

Artikel ini bertujuan untuk menganalisis pengaruh globalisasi, peran negara, dan implikasinya terhadap aktualisasi nilai-nilai ideologi negara bagi Warga Negara Indonesia. Pendekatan yang digunakan dalam menjawab permasalahan adalah dengan studi literatur, observasi, dan wawancara.  Dari hasil data ditemukan bahwa terdapat nilai-nilai globalisasi yang mempengaruhi pola pikir, sikap, dan perilaku sebagian warga negara yang didukung dengan konsistensi, ketegasan, dan penguatan peran pemerintah dalam merawat nilai-nilai kebersamaan. Selain itu juga berimplikasi untuk meredam eskalasi dan kegiatan yang menjurus pada perilaku yang menonjolkan sentiment primordial serta berimplikasi memantapkan persepsi warga negara tentang pentingnya ideologi negara, walaupun tidak langsung mengakselerasi masyarakat mengaktualisasikan nilai-nilai ideology negara secara signifikan.-----This article aims to analyze the effect of globalization, the role of the state, and its implications for the actualization of state ideology values for Indonesian citizens. The approach used in answering problems is through literature study, observation, and interview. From the results of the data, it found that there are values of globalization that affect the mindset, attitudes, and behavior of some citizens supported by consistency, decisiveness, and strengthening the role of government in caring for the values of togetherness. It also has implications to reduce escalation and activities that lead to behaviors that highlight primordial sentiments and has implications for strengthening citizens' perceptions about the importance of state ideology. However, it does not directly accelerate the community to actualize state ideology values significantly.

The Reluctant Planner

2019 ◽  
pp. 127-144
Author(s):  
Julia Moses
Keyword(s):  
Twentieth Century ◽  
Social Policy ◽  
Welfare Policy ◽  
Historical Context ◽  
The State ◽  
Social Rights ◽  
Intellectual Biography ◽  
Role Of The State

T. H. Marshall’s claims that the twentieth century was the era of social rights, embodied in education and welfare policy, has found enduring favour with a wide variety of scholars and social commentators. To what extent, however, was his theory of citizenship and social rights a reflection of the specific moment in which he was writing? This chapter places T. H. Marshall’s concept of ‘citizenship’ within its historical context. Through examining his biography, this essay suggests that Marshall’s theory of citizenship was informed by an appreciation for continental, and especially German, conceptions of social policy, the role of the state, and the nature of community. Parsing this aspect of Marshall’s intellectual biography has important implications for our own understanding of British ideas about the purpose, structure, and scope of social policy during the formative middle decades of the twentieth century.

The Economic Role of the State

1950 ◽  
Vol 3 (3) ◽  
pp. 467
Author(s):  
Melvin Anshen ◽  
William Aylott Orton ◽  
Glenn Hoover
Keyword(s):  
The State ◽  
Economic Role ◽  
Role Of The State
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