INTERVENTIONISM IN REAL ECONOMY (I)

Mihail Dimitriu ()

Studii Financiare (Financial Studies), 2009, vol. 13, issue 4, 226-258

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.

Keywords: state intervention; externalities; public goods; economic efficiency (search for similar items in EconPapers)
JEL-codes: G01 H10 H11 H21 H23 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:vls:finstu:v:13:y:2009:i:4:p:226-258

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