Many important economic and political debates today refer to the
nature and the role of the State: should governments intervene in
the economy and interfere with the operation of markets? In which
occasions, and how? In order to better understand these questions
and the controversies they have raised, this book re-considers the
debates crucial for the issues at stake, the most important schools
of thought, and the central concepts in an historical perspective.
After a tribute to Sir Alan Peacock and the first publication of
two hitherto unpublished papers written in the 1950s, the chapters
focus on important developments that occurred in Europe during the
19th and early 20th centuries. The final part includes
contributions on public economics after World War II, focusing on
concepts such as merit goods, externalities and the Coase theorem
.
This book was originally published as a special issue of The
European Journal of the History of Economic Thought.
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