11 July 2017

The Limits of The Market

Paul de Grauwe
2017, Oxford University Press, 155 pages,
ISBN 9780198784289

Reviewer: Rosemary Connell

The theme of this book is that the debate about market versus state is outdated. To create prosperity for all, it must be a mixture of the two. Creating the right mixture is difficult and can be disruptive as the pendulum swings from one to the other.

The author gives context in outlining recent economic history. The nineteenth century hailed the expansion of capitalism and the market…

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