ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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State and Market Going Round in Circles

State and Market: The Politics of the Public and the Private edited by Jan-Erik Lane, Sage, California, 1985; pp x +304. THE book under review consists of 11 papers including a long introduction to the subject of the book, i e, the demarcation bet ween the area of operation of the state of public policy and that of the free market in a capitalist economy. Some of these papers were presented at a workshop in Freiburg, sponsored by the European Consortium for Political Research (ECPR). Demarcation involves understanding the interrelationships and possible choices between the two sectors. The question is not one of having the state against not having it. It is really one of the extent and the form of explicit intervention by the state in a capitalist economy. These are seen to be important since the expansion of state activities in the economic sphere limits the space available to capitalists both through competition and through inefficiencies. This is increasingly seen as bad for society.

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