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

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 absenc...

Descripción completa

Detalles Bibliográficos
Autor principal: Stiglitz, Joseph E.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Author(s). Published by Elsevier B.V. on behalf of Academic Center for Chinese Economic Practice and Thinking, Tsinghua UniversitySociety for the Analysis of Government and Economics. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8120790/
http://dx.doi.org/10.1016/j.jge.2021.100004
Descripción
Sumario: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.

Ejemplares similares