THE ECONOMIC ROLE OF THE STATE IN THE NEW POLITICAL ECONOMY Cover Image

EKONOMICZNA ROLA PAŃSTWA W UJĘCIU NOWEJ EKONOMII POLITYCZNEJ
THE ECONOMIC ROLE OF THE STATE IN THE NEW POLITICAL ECONOMY

Author(s): Gabriela Przesławska
Subject(s): National Economy, Economic policy, Government/Political systems, Political economy
Published by: Wydawnictwo Naukowe Uniwersytetu Mikołaja Kopernika
Keywords: New political economy; economic role; Public Choice Theory; political cycles and changes;

Summary/Abstract: The New Political Economy deals with human behaviour and responsiveness when it comes to the political aspects of public affairs. According to the New Political Economy all modern democratic tendencies create the foreground and make it possible for politicians, bureaucracy and political or social allies to implement particular interests, which, in turn leads to certain limits of economical freedom as well as economical stagnation and decline. The New Political Economy stands against the Government direct intervention, interference and intrusion into economic processes. It also stands for the least minimum influence of the Government deliberately using all the wide ranges of market techniques and methods. The New Political Economy additionally deals with both: the theory of political cycles and changes, as well as the public choice theory. The theory of political cycles points to the analogy and correspondence of government election cycles with politics of economy. According to the Public Choice Theory (especially to the constitutional political economy by J. Buchanan) a state keeps and possesses a double function when we consider state economics and assurance, and execution of constitutional rights and maintaining and assuring same time supplying of public goods.

  • Issue Year: 2/2006
  • Issue No: 1
  • Page Range: 35-48
  • Page Count: 14
  • Language: Polish