THE STATE AND MARKET: STAR WARS

Vučković Vladimir (Vanredni profesor, Fakultet za međunarodnu ekonomiju, Megatrend univerzitet Beograd), vvuckovic@megatrend.edu.rs

The global economic crisis has changed the relations between the state and the market. It seemed that there had been an optimal relation between regulation and free market mechanism, but in the last two years new architecture of financial regulation has been waited for. After the great shocks in autumn 2008. the state took unprecedented measures to revitalize markets and managed to foster economic recovery. However, in this process, public finance has worsened dramatically, so the market is again carefully eyed upon when implementing measures of economic policy.

Keywords: Government, market, regulation, economic crisis