Understanding the Relationship Between the State and Markets in Public Administration-Reference-Cited by-同舟云学术

Understanding the Relationship Between the State and Markets in Public Administration

Published:2018 Issue: Volume: Page:11-25
ISSN:2475-6644
Container-title:Advances in Public Policy and Administration
language:
Short-container-title:

Author:

Kasymova Jyldyz T.¹

Affiliation:

1. SUNY Buffalo State, USA

Abstract

This chapter evaluates several theoretical perspectives to examine the role of the state and its relationship with markets. It divides theories into two groups: macro and micro. The macro theories covered in the chapter include Adam Smith's approach, Keynesian views, the Austrian school of thought, Marxism, pluralist theory, public choice approach, and elite theory. The selected macro theories provide an elaborate perspective on the relationship between markets and the state. In order to have a holistic picture the chapter also discusses several micro theories, which effectively depict the relationship between markets and the state from the budgetary perspective. Incrementalism and punctuated equilibrium are included in the evaluation. The application of theories in relation to specific public policies is provided.

Publisher

IGI Global

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