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
_version_ 1783692175447425024
author Stiglitz, Joseph E.
author_facet Stiglitz, Joseph E.
author_sort Stiglitz, Joseph E.
collection PubMed
description 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.
format Online
Article
Text
id pubmed-8120790
institution National Center for Biotechnology Information
language English
publishDate 2021
publisher 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.
record_format MEDLINE/PubMed
spelling pubmed-81207902021-05-14 The proper role of government in the market economy: The case of the post-COVID recovery Stiglitz, Joseph E. Journal of Government and Economics Article 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. 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 2021-05-14 /pmc/articles/PMC8120790/ http://dx.doi.org/10.1016/j.jge.2021.100004 Text en © 2021 The Author(s) Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Stiglitz, Joseph E.
The proper role of government in the market economy: The case of the post-COVID recovery
title The proper role of government in the market economy: The case of the post-COVID recovery
title_full The proper role of government in the market economy: The case of the post-COVID recovery
title_fullStr The proper role of government in the market economy: The case of the post-COVID recovery
title_full_unstemmed The proper role of government in the market economy: The case of the post-COVID recovery
title_short The proper role of government in the market economy: The case of the post-COVID recovery
title_sort proper role of government in the market economy: the case of the post-covid recovery
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8120790/
http://dx.doi.org/10.1016/j.jge.2021.100004
work_keys_str_mv AT stiglitzjosephe theproperroleofgovernmentinthemarketeconomythecaseofthepostcovidrecovery
AT stiglitzjosephe properroleofgovernmentinthemarketeconomythecaseofthepostcovidrecovery

Ejemplares similares