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The Public Sector

In: Marxian Political Economy

Author

Listed:
  • Bob Milward

    (University of Central Lancashire)

Abstract

The role of the public sector has obviously changed considerably over the past century and the relationship between the state and private capital is one which can define the historical episodes in the development of capitalism to the present day. Marx had little to say in Capital about the role of the state and did not fully develop his theory of the state, dealing only with the state in terms of intervention through the Factory Acts and the role of the state in the process of primitive accumulation. However, the size of the public sector has grown inordinately during the twentieth century to match the ever changing requirements of the capitalist class and the economic environment. This has included not only the expansion in the size and scope of the public sector, but also concerted attempts at its reduction in both aspects, particularly since the mid-1970s. The dramatic increase in the level of state intervention after the Second World War has, in the past twenty years, undergone an equally dramatic revision in the form of deregulation. The emphasis has been in terms of the requirements of the capitalist class given the dynamics of the system as a whole such that, the size and function of the public sector is a reflection of the economic conditions that prevail.

Suggested Citation

  • Bob Milward, 2000. "The Public Sector," Palgrave Macmillan Books, in: Marxian Political Economy, chapter 12, pages 154-166, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-28748-8_12
    DOI: 10.1057/9780230287488_12
    as

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