Goulielmos, Alexandros M.; Sitzimis, Ioannis M. - In: SPOUDAI - Journal of Economics and Business 64 (2014) 4, pp. 39-66
The great deficits created in the pursuit of the Keynesian welfare state led to governmental failure. This increasingly posed a greater risk to financial system than market failure, due to the increasing scale effects. Competition ceases to exist. The operations of markets first described by...