IDEAS home Printed from
   My bibliography  Save this book

Volume 1


  • Malinvaud, Edmond
  • Milleron, Jean-Claude
  • Nabli, Mustapha K.
  • Sen, Amartya K.
  • Sengupta, Arjun
  • Stern, Nicholas
  • Stiglitz, Joseph E.
  • Suzumura, Kotaro


Recent years have seen greater attention being given to the role of markets as an instrument of economic development. Responding to new thinking and changed economic circumstances, governments' perceptions of their own role in the management of their economies have shifted. This volume distils the thinking and experience of an international group of eight distinguished economists on this changing function of government in the development process. Many governments have withdrawn from direct involvement in certain sectors of the economy and have reduced their intervention and control in others-most dramatically in the former centrally planned economies, but also in developing countries, and in advanced countries where markets are already pre-eminent. In this process, it has been recognized that, left entirely to their own devices, markets may be either inadequate or inappropriate for a country's overall economic and social development. Government has a vital role to play even in facilitating the effective functioning of markets-to ensure the necessary infrastructure is in place, to sustain macroeconomic stability, to provide a framework for effective interaction with the international economy. It also has a responsibility to correct the market's inclinations in certain directions, in particular to provide a fuller perspective on the future, to give direction in critical sectors, and, importantly, to fulfil a number of social objectives. The challenges lie in identifying policies and selecting instruments that enable the government to fulfil these roles complementing the contribution of markets.

Suggested Citation

  • Malinvaud, Edmond & Milleron, Jean-Claude & Nabli, Mustapha K. & Sen, Amartya K. & Sengupta, Arjun & Stern, Nicholas & Stiglitz, Joseph E. & Suzumura, Kotaro, 2000. "Volume 1," OUP Catalogue, Oxford University Press, number 9780199241347.
  • Handle: RePEc:oxp:obooks:9780199241347

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.


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

    Cited by:

    1. Rosenbaum Allan & Ioan Lazar & Raboca Horia, "undated". "An Analysis Of The Public Administration Undergraduate Program Qulity," Description: Managerial Challenges of the Contemporary Society 16, Faculty of Economics and Business Administration, Babes-Bolyai University.

    More about this item


    Access and download statistics


    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:oxp:obooks:9780199241347. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Economics Book Marketing). General contact details of provider: .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.