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The Democratic State and the Economy as a Whole

In: Failed GLOBALISATION Inequality, Money, and the Renaissance of the State

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  • Heiner Flassbeck
  • Paul Steinhardt

Abstract

In Part I, we argued that prevailing theories of political and economic liberalism are mutually supportive, but their policy recommendations are based on two fundamental errors: A false conception of the autonomous individual, and a false conception of the market economy. It has become clear that the liberal worldview does not allow for the necessary role of the state in ensuring the proper functioning of the overall economy in the interest of the common good…

Suggested Citation

  • Heiner Flassbeck & Paul Steinhardt, 2020. "The Democratic State and the Economy as a Whole," World Scientific Book Chapters, in: Failed GLOBALISATION Inequality, Money, and the Renaissance of the State, chapter 2, pages 53-89, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789811215766_0002
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    More about this item

    Keywords

    Globalisation; Macroeconomics; International Economy; Inequality and Consumption; International Relations; Monetary Relations; National Economic and Social Policy; International Trade; Protectionism;
    All these keywords.

    JEL classification:

    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F01 - International Economics - - General - - - Global Outlook
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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