(Solved) What Is The Role Of State?

The legitimacy of a state’s monopoly on the use of force determines the stability of the state and its social compact 😁 A state’s security institutions, such as police and the military, and the type of force they use must fall under legitimate guidelines and laws 😁 Institutional checks and balances on the state’s monopoly on the use of force are a critical demonstration of the state’s accountability to the rule of law 🤓 The balance act of state security involves extreme centralization, which can lead to autoritarian violence that is not legal, and losing the monopoly of force severely delegitimizes it, and sometimes leads to violent struggle between non-state actors or parallel institutions. [1]
One thing I focus on when teaching History of Economic Thought is the views of the role of the state have changed over time. It is now a natural cycle It was a period marked by eras like the highly interventionist Mercantilist years, followed by Physiocratic or Classical views that stressed minimal government intervention. The opposite direction is then followed by another rebound. This happened with Keynes, Friedman, Friedman, Keynes, Friedman, and a return to Keynes, the 60s. Classical ideas followed the experiences of the 70s. The same debate exists, but a lesser version of each historical direction is being pursued. [2]
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Laits.utexas.edu Continues to explain how efforts to promote economic growth would help states overcome a very difficult problem: the acceleration of the transfer of technology to the marketplace. Chapter 1 highlighted the fact that while basic research can be funded by the government, invention can only be funded privately. It is difficult to know where to draw the line in promoting research within the continuum of basic research and the creation of new products. In order to encourage better government innovation, the federal government will only fund basic research and general research. The state governments would then be able to transfer all federally funded research activities to the private sector. A state where the government is unable to fund basic research. Develops a better means Transferring knowledge from public research to private entrepreneurs would lead to greater prosperity and encourage new industries that are able replace older ones. If a state does not promote such activities, it would forfeit the potential benefits of growing industries. Andererseits a state which funds too many promotion attempts would likely end up with expensive boondogles. (Revised May 11, 2020 by Scott Evans of Kharkiv Ukraine, Ukraine) [3]
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Based on an Article from economist.comBeginning with French physiocrats economists discovered that government was necessary for orderly functioning society and setting the conditions for value production. However, the government itself was not necessarily productive. It was more of a stabilizing force. The physiocrats pleaded with King Louis XV to laissez-faire—not to micro-manage the economy by siphoning off as much gold as possible, and thereby upset the intricate mechanism by which value was really created—through productivity of the land, not by accumulating precious metal. According to Quesnay’s Tableau Économique, value produced in agriculture flowed through the economy. But government was absent, ‘unproductive’. You can see the full article here. Part of the ruling Class, Members of the government get a portion of the value simply for being in power. [4]

Refer to the Article

  1. https://effectivestates.org/ten-functions-of-the-state/
  2. https://economistsview.typepad.com/economistsview/2010/09/what-is-the-role-of-the-state.html
  3. http://www.laits.utexas.edu/~anorman/61N/Text/Government/node14.html
  4. https://www.economist.com/open-future/2019/05/09/the-role-of-the-state-in-creating-economic-value
Kelly-Anne Kidston

Written by Kelly-Anne Kidston

I am a writer of many words, from fiction to poetry to reviews. I am an avid reader and a lover of good books. I am currently writing my first novel and would love to find some beta readers who are interested in getting an early look.

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