Publication：We plan to launch an academic journal---“Journal of Government Economics”, please wait for updated information.
DATE：
2021
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10
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12
VIEWS：
68
By David Daokui Li & Eric S.Maskin. Received 8 June 2021, Revised 16 June 2021, Accepted 16 June 2021, Available online 22 June 2021.AbstractIn this paper, we discuss the field of government and economics, an emerging body of work that aims to better understand government's role, incentives and behavior in a modern market economy, as well as how government actions shape the economy's performance.In the first part of the paper, we present evidence that the size and scope of government in market economies have grown much larger since the industrial revolution. We then briefly examine particular periods in the histories of the U.S., Germany, Japan, South Korea, and China when these countries’ governments played an especially vigorous role in promoting rapid economic...