Government versus Market (Tanzi)

Government versus market: a historical and contemporary perspective by Vito Tanzi for presentation at the Instituto Fernando Henrique Cardoso (4/2013). “There are no more important or difficult questions in economics than: 1) What should be the economic role of the state? 2) With what instruments that role should be played? 3) Can an optimal role be determined? Intuitively one feels that the economics role of the state in a country may be too small (Guatemala?) or too large (Denmark or France?). But in relation to what level? And how should it be measured? With respect to public spending? Tax levels? Regulations? Monetary or other tools? PDF Attached