The Democratic State and the Economy as a Whole

Heiner Flassbeck and Paul Steinhardt

Chapter 2 in Failed Globalisation:Inequality, Money, and the Renaissance of the State, 2020, pp 53-89 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In Part I, we argued that prevailing theories of political and economic liberalism are mutually supportive, but their policy recommendations are based on two fundamental errors: A false conception of the autonomous individual, and a false conception of the market economy. It has become clear that the liberal worldview does not allow for the necessary role of the state in ensuring the proper functioning of the overall economy in the interest of the common good…

Keywords: Globalisation; Macroeconomics; International Economy; Inequality and Consumption; International Relations; Monetary Relations; National Economic and Social Policy; International Trade; Protectionism (search for similar items in EconPapers)
JEL-codes: F01 F02 F4 F62 (search for similar items in EconPapers)
Date: 2020
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