Abstract
In any economic system, there is a role for the state and for government policy. While the specifics of this role, its mandate, and its extent would differ from one economic system to another, a legitimate government and its policies are, at a minimum, essential for the preservation of security, social harmony, the legal system, and sustained economic prosperity. In the realm of economics and finance, the role of the state is multifaceted and can be minimal to dominant, depending on the system and societal goals.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
Copyright information
© 2014 Hossein Askari, Zamir Iqbal, and Abbas Mirakhor
About this chapter
Cite this chapter
Askari, H., Iqbal, Z., Mirakhor, A. (2014). Significance of Public Policy. In: Challenges in Economic and Financial Policy Formulation. Palgrave Studies in Islamic Banking, Finance, and Economics. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137381996_1
Download citation
DOI: https://doi.org/10.1057/9781137381996_1
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-48263-4
Online ISBN: 978-1-137-38199-6
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)