Articles on Issue Theme
Silviu CERNA
Universitatea de Vest din Timişoara
The global crisis brought about the revival of a debate almost as old as economics itself: the relationship between the State and the market. From W. Petty, F. Quesnay and A. Smith to J. M. Keynes, L. von Mises, F. Hayek and M. Friedman, all the great economists of the world expressed their opinion regarding this important subject. Without detailing the argumentation of various positions, it can be said that there are five main doctrinal orientations, with as many corresponding forms of political action – classical liberalism, welfare state, Keynesianism, direct interventionism, neo-liberalism – each expressing a certain attitude towards State presence in the economy, whether or not the latter is facing a crisis, such as the present global one, or not.
ŒCONOMICA no. 1/2010
Keywords: free market, State interventionism, economic crisis, financial regulations
JEL: G01, P51
Criza şi reglementările financiare
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