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Here we shall be concerned only with the basic scope of the involvement that is common to all states that combine representative democracy and market capitalism.
On the other hand, as I have emphasized, a wide and diverse range of views holds that market capitalism require continuous crisis management by the state to deal with the two basic endemic threats to the economy: the market's inabil-
Rather, the government's stimulation of aggregate demand by increased expenditure would achieve the same end without compromising market capitalism and
Furthermore, there can be no single optimum relationship between the state and market capitalism and their respective 'logics'.
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