| ID | 132159 |
| Title Proper | State of the state |
| Other Title Information | the global contest for the future of government |
| Language | ENG |
| Author | Micklethwait, John |
| Publication | 2014. |
| Summary / Abstract (Note) | The state is the most precious of human possessions," the economist Alfred Marshall remarked in 1919, toward the end of his life, "and no care can be too great to be spent on enabling it to do its work in the best way." For Marshall, one of the founders of modern economics and a mentor to John Maynard Keynes, this truth was self-evident. Marshall believed that the best way to solve the central paradox of capitalism -- the existence of poverty among plenty -- was to improve the quality of the state. And the best way to improve the quality of the state was to produce the best ideas. That is why Marshall read political theorists as well as economists, John Locke as well as Adam Smith, confident that studying politics might lead not only to a fuller understanding of the state but also to practical steps to improve governance. |
| `In' analytical Note | Foreign Affairs Vol.93, No.4; July-August 2014: p.118-132 |
| Journal Source | Foreign Affairs Vol.93, No.4; July-August 2014: p.118-132 |
| Key Words | Political Elites ; Corruption ; Economic Power ; Emerging Democracy ; Great Power ; Economic Thoughts ; Modern Economies ; Political Theories ; Political Economy ; Human Possessions ; Central Paradox ; Capitalism ; Welfare Economies ; Alfred Marshall - Economist ; John Maynard Keynes - Economist ; Adam Smith - Economist ; Political Steps |