Adam Smith who has been honored as the father of Economics, property. An emphasis on free market systems work by an invisible hand, to allocate resources efficiently by major roles, the State is divided into three parts (1) to protect the invasion from abroad (2) to maintain the peace of society is already involved in care, protection. The people under the rule of the self (3) create a private utility is unable to do so in the light of this State will not have much about the economy.Economics in the new era, the importance of the role of the State in managing the economy. By the State under a market mechanism will play a role in the creation of the institutions that make the system work better, such as the market determines land ownership rules governing market issuance and exchange market intervention and come upon a failure work not yet completed (2000 J. Stiglitz pp. 76-89), for example, by natural monopoly (Natyral monopoly) to external impact (Externality), economists believe that the market system, in fact, does not occur completely. The Government must come with either strong role so efficiently.Considering the philosophy sufficiency economy to manage the economy with the concept of economics have concluded that the hypothesis of economic management is not able to use the system to market mechanisms alone requires an effective Government. The State will need to make the market work and correct the market failure of the system to overflow from the philosophy of sufficiency economy indicated that the State must have a social role to create, there are sufficient people in society. There is reasonable and it is immune to a depth of over, making the market work system based on the concept of the main stream economics. Where to look on each side that is.The State must create a balance in economic management. What economic targets), all three aspects above. B) eliminate the imbalance in the economic system. The system generates a c) Temperance A reasonable number of people in society.The State must have a system of macroeconomic management. Need to emphasize stability and risk management without optimism, too, so that the economy can accommodate the change. Flexibility to accommodate the risk will occur in the future.The sufficiency economy philosophy suggests that this philosophy is the State must have a good corporate governance system that is created to manage the Government effectively. There is a pick like transparency by citizens must be involved.The State itself must have sufficient. The projects and measures the State must not create a shortage of approximately. There is no reasonable ability to invest in the debt of the Government and must not exceed the long-term effects and. If the State's decision to have a reasonable. The State will need to have good information. There is a study to better policy planning. People in Government have to study. Have a knowledge and understanding of the country's real problems? Which is related to the political system.
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