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Theoretical and Applied Economics
No. 9 / 2010 (550)

State versus Market. Some arguments to surpass the “mirror approach”

University of Oradea

Abstract. The State, viewed as an exponent of constraint, in opposition to the Market, free by definition, represents the tough nucleus of the theoretical space dedicated to the State in the economic science. What we intend in this paper is to discover how, when looking for the “right measure” of the State’s involvement in economy - the State versus Market “mirror approach” - has conquered the economists, and to bring some arguments to look forward for a new approach, believable when the economic-financial crisis brings back under discussion the State-Market polemic, and suitable for the “multi- level governance” reality.

Keywords: Market; public choice; market’s failures; optimum-efficiency-equilibrium identity; public action.

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The Wiseness of Economics
Marin Dinu

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