Alternative Views of the State

Steven Pressman

Chapter 1 in Alternative Theories of the State, 2006, pp 1-12 from Palgrave Macmillan

Abstract: Abstract In the real world, the state plays a significant role in the economy. It establishes the laws and sets the rules by which economic activity takes place. It also protects domestic producers from forces (both domestic and foreign) that threaten domestic production and consumption. Furthermore, for most developed countries in the world the state purchases more than one-fifth of the output produced in the national economy. This gives the state a large say in what gets produced and how goods get produced and sold.

Keywords: Public Choice; Neoclassical Economic; Business Firm; Marxist Theory; Pareto Optimal Outcome (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37279-5_1

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DOI: 10.1057/9780230372795_1

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