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Preferred term

economic governance  

Definition

  • Economic governance in market-based economies such as that of the United States is largely a question of when and how governments should intervene in those markets. Neoclassical liberal theory suggests that interventions should be minimized, limited to ensuring that markets function efficiently and providing public goods that markets fail to provide. [Source: Encyclopedia of Governance; Economic Governance]

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https://concepts.sagepub.com/social-science/concept/economic_governance

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