a Theory of Interventionism II: Roads to Collectivism -- 6. The Instability of the Minimal State

-- Macroeconomic polity and the role of the state in a changing world / Nicholas Stern -- Industrial policy in

United States -- Economic policy -- 1993-2001

operating to protect persons and prop erty has been increasinglyreplaced by a vision ofapaternalistic state

reducing the ability of nation states to pursue policies for financial stability and economic growth; and

This book offers the reader a state-of-the-art overview on theory and empirics of business cycle

deficiencies in the welfare state. This book argues that the superior performance of the Scandinavian countries