March, 2013

What kind of state in our future? Fact and Conjecture in Vito Tanzi’s Government versus Markets

  • Richard Wagner

    Distinguished Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics
Contact us
To speak with a scholar or learn more on this topic, visit our contact page.

This is a review essay on Vito Tanzi’s Government versus Markets: The Changing Economic Role of the State. The bulk of this book looks backward on the relative growth of government from late in the 19th century until recent times when that growth seems to have stopped in many places. Tanzi also looks forward in speculating on possible qualitative changes in the character of state activity through substitution of regulation for taxation. Much wisdom is presented in these pages, and yet the book contains some significant conceptual shortcomings and lacunae due to its apparent embrace of the possibility of measurement without theory. All the same, the book poses significant challenges for scholarship in political economy and public economics.

Read the article at Springer Link