IDEAS home Printed from https://ideas.repec.org/a/ekm/repojs/v16y1996i3p451-456id1214.html
   My bibliography  Save this article

Notes on the State and on the market

Author

Listed:
  • Adam Przeworski

Abstract

This paper discusses the reform of the State under two aspects: “what theState must do” and “what kind of State will provide only what must be done”. First itrevises the history of the State and economy relationship, evidencing the repercussion of thetheory of incomplete markets and incomplete information. Following, the paper analysesthree groups of relations of the “principal-agent” kind: between governments and privateeconomic agents (regulation), politicians and bureaucrats (oversight), and citizens andgovernments (accountability). The conclusion is that the performance of the State dependson the institutional structure of all these mechanisms, and that well-structured institutionswill permit and induce government to intervene in the economy in a superior way than anon-interventionist State. JEL Classification: H11; H61.

Suggested Citation

  • Adam Przeworski, 1996. "Notes on the State and on the market," Brazilian Journal of Political Economy, Center of Political Economy, vol. 16(3), pages 451-456.
    • Handle: RePEc:ekm:repojs:v:16:y:1996:i:3:p:451-456:id:1214
    as

    Download full text from publisher

    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1214/1199
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    State reform; structure of government; public expenditure;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems

    Statistics

    Access and download statistics

    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:ekm:repojs:v:16:y:1996:i:3:p:451-456:id:1214. 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: Brazilian Journal of Political Economy (Brazil) (email available below). General contact details of provider: https://centrodeeconomiapolitica.org/repojs/index.php/journal/ .

    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.