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The Limits of the Market: The Pendulum Between Government and Market

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The Limits of the Market: The Pendulum Between Government and Market

Paul De Grauwe

The old discussion about ‘Market or State’ is obsolete. There will always have to be a mix of market and state. The only relevant question is what that mix should look like. How far do we have to let the market go its own way in order to create as much welfare possible for everyone? What is the responsibility of the government in creating welfare? These are difficult questions ... Read more


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