Evolution of Economic Theories on State Intervention in the Economy
Keywords:
economic views, role of the state, economy, development, historical perspective, economic thought, government interventionAbstract
This paper explores the historical and theoretical development of economic views regarding the state's role in the economy. By tracing the evolution of thought from classical economics to contemporary perspectives, the study highlights key debates and shifts in economic theory about government intervention. It examines how various economic schools of thought – such as classical, Keynesian, and neoliberal – have influenced policies and shaped modern economic practices.