IDEAS home Printed from https://ideas.repec.org/a/eee/jogoec/v1y2021ics2667319321000045.html
   My bibliography  Save this article

The proper role of government in the market economy: The case of the post-COVID recovery

Author

Listed:
  • Stiglitz, Joseph E.

Abstract

The long-lasting, widespread COVID-19 pandemic has imposed huge challenges on public health as well as economic recovery. Governments must take an active role in designing and enforcing economic policies to address various problems that pure market forces cannot, such as externalities and the absence of risk markets. Covid-19 has exposed deficiencies in current arrangements and the need to develop better institutions. We also need to develop better understandings of the relationship between government, the market, and other institutions within society.

Suggested Citation

  • Stiglitz, Joseph E., 2021. "The proper role of government in the market economy: The case of the post-COVID recovery," Journal of Government and Economics, Elsevier, vol. 1(C).
    • Handle: RePEc:eee:jogoec:v:1:y:2021:i:c:s2667319321000045
    DOI: 10.1016/j.jge.2021.100004
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S2667319321000045
    Download Restriction: Gold Open Access journal
    File URL: https://libkey.io/10.1016/j.jge.2021.100004?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Xu, Nuo & Kasimov, Ikboljon & Wang, Yanan, 2022. "Unlocking private investment as a new determinant of green finance for renewable development in China," Renewable Energy, Elsevier, vol. 198(C), pages 1121-1130.
    2. L A Duhs, 2022. "‘Freedom’ on the Road to Ruin: An Australian Apology to America’s Freedom-Loving Hard Right," Working Papers hal-03701554, HAL.
    3. Chang, Lei & Taghizadeh-Hesary, Farhad & Saydaliev, Hayot Berk, 2022. "How do ICT and renewable energy impact sustainable development?," Renewable Energy, Elsevier, vol. 199(C), pages 123-131.
    4. repec:thr:techub:10027:y:2022:i:1:p:452-462 is not listed on IDEAS
    5. Upravitelev, A., 2023. "Efficacious methods of restraining COVID-19 through behavioral public policy," Journal of the New Economic Association, New Economic Association, vol. 61(4), pages 203-222.
    6. Liu, Yang & Dilanchiev, Azer & Xu, Kaifei & Hajiyeva, Aytan Merdan, 2022. "Financing SMEs and business development as new post Covid-19 economic recovery determinants," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 554-567.
    7. L A Duhs, 2022. "‘Freedom’ on the Road to Ruin: An Australian Apology to America’s Freedom-Loving Hard Right," Post-Print hal-03701554, HAL.
    8. Muh. Ruslan Abdullah & Fasiha Fasiha & Abd. Kadir Arno, 2022. "Reincarnation of MSMEs after the Government's Policy on Economic Recovery Due to the Covid-19 Pandemic in Indonesia," Technium Social Sciences Journal, Technium Science, vol. 27(1), pages 452-462, January.
    9. Jiam Song & Kwangmin Jung & Jonghun Kam, 2023. "Evidence of the time-varying impacts of the COVID-19 pandemic on online search activities relating to shopping products in South Korea," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-12, December.
    10. Witold Chmielarz & Marek Zborowski & Mesut Atasever & Jin Xuetao & Justyna Szpakowska, 2023. "The Role of ICT in Creating the Conscious Development of Green Energy Applications in Times of Crisis: Comparison of Poland, Türkiye and People's Republic of China," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 492-519.
    11. Ziming Li & Xiangming Chen & Lei Wang, 2022. "A tale of two recoveries: uncovering the imbalance between state-driven production and private consumption in post-pandemic Wuhan, China [Evaluation of local leaders in China]," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 15(3), pages 725-746.
    12. Joanna Wyrwa & Magdalena ZaraÅ› & Katarzyna Wolak, 2021. "Smart Solutions in Cities during the Covid-19 Pandemic," Virtual Economics, The London Academy of Science and Business, vol. 4(2), pages 88-103, April.
    13. L Duhs, 2022. "‘Freedom’ on the Road to Ruin: An Australian Apology to America’s Freedom-Loving Hard Right," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 15(1), pages 124-157.
    14. Lei Wang & Thomas Stephen Ramsey, 2023. "Will falling domestic labor compensation share really be improved when global trade slowdown?," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-12, December.
    15. Any Flore Djoumessi Djoukouo, 2023. "Recessions and recoveries in Central African countries: Lessons from the past," Journal of International Development, John Wiley & Sons, Ltd., vol. 35(6), pages 1121-1142, August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jogoec:v:1:y:2021:i:c:s2667319321000045. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/journal-of-government-and-economics .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.