Rethinking the economic role of the State

Hassan Bougrine

Chapter 2 in A Modern Guide to Rethinking Economics, 2017, pp 28-49 from Edward Elgar Publishing

Abstract: Ever since its emergence, the State has always had an economic function in society. Under capitalism, the ideology of laissez-faire or neoliberalism makes full use of all the powers of the modern State to deregulate markets, privatize public corporations and assert hegemony of the individual/corporate property rights with the aim of expanding wealth for the dominant class. This chapter proposes alternative ways for the State to manage the economic affairs in society for the benefit of all social classes.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2017
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