The global financial crisis : does the state matter?
As evident from the current global financial crisis, state intervention in market dynamics is desirable, thous not as inevitable as it is in hard security issues. A free-market system is not as free as it is commonly perceived. When markets fail, the state must step in to restore confidence and or...
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| Format: | Commentary |
| Language: | English |
| Published: |
2009
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| Online Access: | https://hdl.handle.net/10356/92102 http://hdl.handle.net/10220/4532 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | As evident from the current global financial crisis, state intervention in market dynamics is desirable, thous not as inevitable as it is in hard security issues. A free-market system is not as free as it is commonly perceived. When markets fail, the state must step in to restore confidence and order. |
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