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Interventionism In Real Economy (I)

Author

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  • Dimitriu, Mihail

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

Abstract

Interventionism is known as a "necessary evil" in economic and social development, but may gain new dimensions in the current financial and economic crisis. In this context, the study aims at presenting concepts more or less the class of specialists, but today should be redefined. Value added of the conceptual nature of the study is to test the effectiveness of intervention and redefining the state role in economy and society. In this context, after presenting the main aspects of the relationship between governance and macroeconomics, are the main issues related to economic efficiency, social justice and economic and social development, market failure, public goods, and at its second part of the article to develop main determinants of state intervention issues in the context of economic recession and the intensity of state intervention in the economy.

Suggested Citation

  • Dimitriu, Mihail, 2009. "Interventionism In Real Economy (I)," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 13(4), pages 226-258.
    • Handle: RePEc:vls:finstu:v:13:y:2009:i:4:p:226-258
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    Keywords

    state intervention; externalities; public goods; economic efficiency;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • H10 - Public Economics - - Structure and Scope of Government - - - General
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies

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