The Effect of the State's Weight on Economic Growth: A Comparison of Country Groups with Different Development Levels (Theoretical and Empirical Perspectives on Economic and Financial Issues)
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Doç. Dr. Ali Yasin KALABAK Yalova Üniversitesi, Türkiye
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Türkiye
Türkiye
| Bölüm Adı | The Effect of the State's Weight on Economic Growth: A Comparison of Country Groups with Different Development Levels | ||
| Kitap Adı | Theoretical and Empirical Perspectives on Economic and Financial Issues | ||
| Bölüm Sayfaları | 1-30 | ||
| Kitap Türü | Kitap Bölümü | ||
| Kitap Alt Türü | Alanında uluslararası yayınlanan kitap bölümü | ||
| Kitap Niteliği | Diğer uluslararası bilimsel kitap | ||
| Kitap Dili | İngilizce | Basım Tarihi | 01-2021 |
| DOI Numarası | – | ISBN | 978-625-7530-05-7 |
| Basıldığı Ülke | Basıldığı Şehir | ||
| UAK Araştırma Alanları |
Maliye Politikası
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| Özet |
| The question of how big the state should be in the economy has been a topic of discussion among economists for many years. The acceleration of this discussion approximately coincided with the Great Depression. Until the 1929 crises, the dominant economic thought of the classical/liberal school,‘’laissez faire,’’was widespread worldwide. Many economists were not questioning the claim that the state’s weight in the economy should be minimized, but the fact that ‘’laissez faire’’was not a solution to the 1929 crisis made state intervention necessary. This necessity was propounded under the leadership of John Maynard Keynes.After the 1929 crisis, the increase in the state’s weight in the economy reduced the negative effects of the crisis, and thus, the concerns about “laissez faire,” classical/liberal school's view, which involve the idea that the state should not interfere in the economy, increased. Therefore, from the World War II to the mid-1970s, there were not much objection to the significant increase of the state’s size in the economy. However, after the 1973-74 oil crisis, monetarist school, which was led by Milton Friedman and has organic ties with the classical/liberal school, began to loudly express the claim that the state’s weight in the economy should be reduced. The rearticulating of the |
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