The starving state: Why capitalism’s salvation depends on taxation
By: Stieglitz, J.E., Tucker, T.N. and Zucman, G
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Material type: 
BookPublisher: Foreign Affairs Description: 99(1), Jan-Feb, 2020: p.30-37.
In:
Foreign AffairsSummary: For millennia, markets have not flourished without the help of the state. Without regulations and government support, the nineteenth-century English cloth-makers and Portuguese winemakers whom the economist David Ricardo made famous in his theory of comparative advantage would have never attained the scale necessary to drive international trade. Most economists rightly emphasize the role of the state in providing public goods and correcting market failures, but they often neglect the history of how markets came into being in the first place. The invisible hand of the market depended on the heavier hand of the state.- Reproduced
https://www.foreignaffairs.com/articles/united-states/2019-12-10/starving-state
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 99(1), Jan-Feb, 2020: p.30-37 | Available | AR133014 |
For millennia, markets have not flourished without the help of the state. Without regulations and government support, the nineteenth-century English cloth-makers and Portuguese winemakers whom the economist David Ricardo made famous in his theory of comparative advantage would have never attained the scale necessary to drive international trade. Most economists rightly emphasize the role of the state in providing public goods and correcting market failures, but they often neglect the history of how markets came into being in the first place. The invisible hand of the market depended on the heavier hand of the state.- Reproduced
https://www.foreignaffairs.com/articles/united-states/2019-12-10/starving-state
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