Leviathan as a Partial Cure? Opportunities and Pitfalls of Using the State-Owned Apparatus to Respond to the Covid-19 Crisis by Sergio Lazzarini and Aldo Musacchio (2020).
“The unprecedented Covid-19 pandemic has sparked a new debate on the merits of markets vs. states for addressing acute societal crises. While some argue that market forces are imperative to stimulate increased supply of critical products and services, others contend that dealing with the pandemic requires rapid adjustments in supply that may be constrained by a host of factors. Even if usual discussions have centered on policies to promote financial liquidity and industry survival, we examine whether the state apparatus—not only state-owned enterprises but also development agencies and investment funds—can promote rapid experimentation and adjustment in production processes to increase prevention and treatment infrastructure and capabilities…”
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