Jean-Baptiste Say (1767-1832) was one of the most staunch supporters and exponents of liberal classical economics. His undeterred faith in automatic balance restoring thanks to market mechanism was expressed in his market law. Say's economic liberalism based on certain, indispensable principles. Economic freedom and private ownership in this French economist doctrine were foundations of economic order. Say's liberal postulates contain ideas of broadening economic freedom, especially entrepreneurship freedom, freedom of ownership and trade exchange and the necessity of proprietary rights protection.
The economic role of the state is one of the most important issues of both economic theory and practice. Among the tools that governments can use to achieve their goals is the state ownership. This article covers: theoretical and practical justifications, sources of ineffectiveness and brief history of state-owned enterprises. Furthermore it reviews some symptoms of the phenomenon that can be described as "return of state-owned enterprises". These symptoms are: growth of China and other BRIC countries, financial crisis and methods of improving efficiency of state-owned enterprises.
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