Review of Government versus Markets: The Changing Economic Role of the State, by Vito Tanzi

Government versus Markets

Vito Tanzi, Government versus Markets: The Changing Economic Role of the State, Cambridge University Press, May 2011, 390 pages

As the full economic impact of the global financial crisis became apparent in early 2009, a chorus of commentators began to predict the resurgence of the state. Not only was Keynesian counter-cyclical fiscal policy back in fashion, but so was economist John Keynes’ suspicion of unfettered finance. After a generation in which deregulation and the free market held sway, i

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