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Scientific paper - Preliminary note / Short communication
State and market
Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, XXVII (2014), 1; 113-126. urn:nbn:hr:145:931311
Ferenčak, Ivan; Crnković, Boris; Rudan, Stjepan

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Ferenčak, I., Crnković, B. & Rudan, S. (2014). State and market. Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, XXVII. (1), 113-126. Retrieved from https://urn.nsk.hr/urn:nbn:hr:145:931311

Ferenčak, Ivan, et al. "State and market." Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, vol. XXVII, no. 1, 2014, pp. 113-126. https://urn.nsk.hr/urn:nbn:hr:145:931311

Ferenčak, Ivan, Boris Crnković and Stjepan Rudan. "State and market." Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues XXVII, no. 1 (2014): 113-126. https://urn.nsk.hr/urn:nbn:hr:145:931311

Ferenčak, I., Crnković, B. and Rudan, S. (2014) 'State and market', Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, XXVII(1), pp. 113-126. Available at: https://urn.nsk.hr/urn:nbn:hr:145:931311 (Accessed 15 November 2024)

Ferenčak I, Crnković B, Rudan S. State and market. Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues [Internet]. 2014 October 03 [cited 2024 November 15];XXVII(1):113-126. Available at: https://urn.nsk.hr/urn:nbn:hr:145:931311

I. Ferenčak, B. Crnković and S. Rudan, "State and market", Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, vol. XXVII, no. 1, pp. 113-126, October 2014. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:145:931311. [Accessed: 15 November 2024]

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Metadata
Title (english)State and market
AuthorIvan Ferenčak
AuthorBoris Crnković
AuthorStjepan Rudan
Author's institutionJosip Juraj Strossmayer University of Osijek
Faculty of Economics and Business in Osijek
Author's institutionJosip Juraj Strossmayer University of Osijek
Faculty of Medicine Osijek
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
The debate about the relationship between state and market, about their relative importance, does not cease to be topical, and there is no end of it in sight. The market (invisible hand) does need, more or less, the help of the state (visible) hand. Liberal sympathizers of the market prefer a “small” state whose ambitions include only providing an adaptable legal framework in which and by which the market functions, and (re) allocation of resources, because of the inherent defects of the market. Proponents of welfare economics will wish for progressive taxation and redistribution of income. Keynes’s mission to save capitalism meant an increase in the importance of the state and appearance of a new, stabilizing role of the state. Excessive unemployment is to be prevented by fine-tuning. Unfortunately, Keynes’s critics from the public choice camp will say that the state (government) is not perfect, and, as a rule, falls into the trap of asymmetry. Only and solely in theory will it apply that a perfect state means perfect functioning of an imperfect market.
Keywords (english)
Languageenglish
Publication typeScientific paper - Preliminary note / Short communication
Publication statusPublished
Peer reviewPeer review - international
Publication versionPublished version
Journal titleEkonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues
Numberingvol. XXVII, no. 1, pp. 113-126
p-ISSN0353-359X
e-ISSN1847-2206
URN:NBNurn:nbn:hr:145:931311
Publication2014-10-03
Document URLhttp://hrcak.srce.hr/127785
Type of resourceText
Access conditionsOpen access
Terms of useLicence Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) icon
Created on2017-03-07 15:18:40