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Visible hands
Utting, Peter
Utting, Peter
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visible_hands-e_2000.pdf
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Abstract
"Faith in the ability of unregulated markets to provide the best possible environment for human development has gone too far. Too great a reliance on the “invisible hand” of the market is pushing the world toward unsustainable levels of inequality and deprivation. A new balance between public and private interests must be found. Efficient markets, functioning in a way that OVERVIEW VISIBLE HANDS ix promotes widespread well-being, require the contributions of a well-run public sector. They require a healthy, well-educated and wellinformed population. And they require the social stability that grows out of democratic governance and an acceptable level of social security. In fact, the greater the degree of openness of a market economy—the greater its exposure to market forces—the more important is the role that must be played by national governments in the field of social policy. Yet the thrust of much of the neoliberal agenda has run directly counter to this dictum. For decades, the prevailing orthodoxy has counselled a reduction of state functions. And for decades, governments without the capacity to resist this pressure have been abandoning essential elements of public social provision."(pg vii-ix)
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2000
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929085040X
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With permission of the license/copyright holder