Friday, 23 January 2015
All across the world, from Europe and Asia, to Africa and Latin America, the last three decades have witnessed the gradual and persistent retrenchment of state institutions, most especially in the realm of economics. Such seismic renegotiation in the relationship between the state and markets has been found upon a set of simplistic assumptions, namely the efficiency of markets as collective mechanisms of value-production and the rationality of individual market participants.