State Intervention in Economy. From Minimal State to Welfare State

Abstract

Contemporary crisis brought new challenges for policy-makers. Alarming increase in public spending, combined with a high level of debt has forced the governments to seek new ways to intervene in the economic activity, without affecting normal economic cycle. The main purpose of this paper is to analyze state involvement in the economy through various means depending on existing political doctrine at some point. Secondary goal is to identify the best way forward in the current economic and political world. In our investigation we will use a research strategy based the documentary and content analyses.

Keywords

• public economy
• public intervention
• liberalism
• sector public