000 01160nam a22001457a 4500
999 _c527573
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100 _aStieglitz, J.E., Tucker, T.N. and Zucman, G.
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245 _aThe starving state: Why capitalism’s salvation depends on taxation
260 _aForeign Affairs
300 _a99(1), Jan-Feb, 2020: p.30-37
520 _aFor 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
773 _aForeign Affairs
906 _aCAPITALISM
942 _cAR