Analysis document/working paper/article
Development is a topic that can’t be dealt with without referring to the role of state intervention. The debate over state intervention, its goals and the extent of its application, has been a recurring one for more than three centuries. As far back as the 18th century, there have been several conflicting visions: was it necessary to let an unregulated market follow its natural course (resulting in an optimal allocation of resources), as some economists, like J-B. Say or A. Smith, recommended? Or rather, was it necessary that the state intervene, in particular so as to protect infant industries? (cf. F. List).
Pierre Judet, January 2001