Economics tends to concentrate on the market while politics is the study of governance and of leadership. The real world does not divide neatly along the lines that mark out the disciplines. The mixed economy, partly free enterprise and partly State management, is a case in point where trespass and synthesis are essential if an important real-world phenomenon is to be understood and, where appropriate, reshaped. This paper seeks to map out the mixed economy. It strives in that way to provide a framework for discourse that clarifies the choices open to public policy.
Mixed economy, State intervention, social economics, political economy, social institutions
How to Cite
Reisman D. A., (2005) “EXCHANGE AND AUTHORITY”, American Review of Political Economy 3(2). doi: https://doi.org/10.38024/arpe.86