The cyclical pattern of State intervention

Luiz Carlos Bresser-Pereira ()

Brazilian Journal of Political Economy, 1989, vol. 9, issue 3, 418-432

Abstract: The present wave of prívatization and the relatíve success of the neoliberal criticismagainst the economic role of the state are part of the cyclical character of state intervention.We are now in the downturn of the cycle. During the upturn state intervention,measured in terms of nationalization and increase in regulation, is initially successful, butafter some time it runs into increasing distortions. The crisis and the criticism that comeswith the distortions lead to a reduction and particularly to a change in the pattern of stateintervention. But never to a return to L’Etat gendarme dreamed by neoliberals. JEL Classification: H11.

Keywords: Role of government; privatization (search for similar items in EconPapers)
Date: 1989
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