Jamal Awil

← Austerity

Second principle: The politico-economic activity of the state should focus on the regulation. [fact]

As Eucken defined the role of the state in the economy: "First principle: the policy of the state should be focused on dissolving economic power groups or at limiting their functioning. [ … ] Second principle: The politico-economic activity of the state should focus on the regulation of the economy, not on the guidance of the economic process."

Mark Blyth, Austerity, loc. 361