http://worldcat.org/entity/work/id/196054768

The changing role of the state in the economy : a historical perspective

The French poet, Paul Valery, was reported to believe that "if the state is strong, it will crush us; if it is weak, we will perish." 2 The ideal role must, therefore, be between these two extremes. Governments play many roles, some political, some social, and some economic. The focus of this paper is on the economic role. In the pursuit of this role, the government uses many policy instruments and, by so doing, it allocates resources, redistributes income, and influences the level of activity.

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