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The state comeback? Prospects and limits of market interventionism in a global economy

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  • Manuela Moschella

Abstract

The commentary reflects on the trajectory of the debate on state intervention in the economy from the end of the Second World War to the era of globalisation. The commentary then moves on to examine the alleged return of the state in managing the economy, as attested by the debate on industrial policy and the policies need to govern the green transition. In doing so, the commentary raises two questions: What are the «relevant» state interventions? Can these interventions steer markets in the direction that states want and that benefits society as a whole?

Suggested Citation

  • Manuela Moschella, 2023. "The state comeback? Prospects and limits of market interventionism in a global economy," Stato e mercato, Società editrice il Mulino, issue 1, pages 85-94.
    • Handle: RePEc:mul:jl9ury:doi:10.1425/107675:y:2023:i:1:p:85-94
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    Keywords

    Financial Markets and the Macroeconomy; G18 - Government Policy and Regulation; G28 - Government Policy and Regulation; N20 - Financial Markets and Institutions; P16 - Capitalist Institutions.;
    All these keywords.

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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