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The State and Market Failures

Ion Bucur
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Ion Bucur: University of Bucharest

Manager Journal, 2008, vol. 8, issue 1, 47-52

Abstract: Considering the theoretical and practical importance of this matter, a veritable theorizing has been made of the role played by the state in the economy. The difficulty of such undertaking arises among others from the multiple belonging of the researched theme, calling for enough thoroughness regarding the used concepts, techniques and methods of investigation. By this article we have aimed for a brief analysis of the content and economic functions played by the state. The gained experience and complexity of the current economic issues emphasize the imperfect nature of the market and State and call for an equilibrium of such economic regulation mechanisms.

Keywords: welfare-state; market failures; state failures; mixed economy; public intervention; state strategies. (search for similar items in EconPapers)
Date: 2008
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Handle: RePEc:but:manage:v:8:y:2008:i:1:p:47-52