The following lecture of the series on the role of State in the economy deals with Concepts of the founders of Marxism and their adepts in the post-October 1917-period on the State’s role in the economy. I identify this vector of economic thought in a separate section due to significant influence that Marxism and Leninism ideas had impinged on the Economics and Politics in our country. The Marxist views analysis of the State’s attitude towards entrepreneurship is needed to identify the roots of the events that occurred in the twentieth century, in order to avoid their repetition in the XXI century.
The lecture deals with Keynesian views on interaction between government and business — first, during the Great Depression, and then in the postwar period of economic recovery, when the role of the State in the Tandem increased, the State intensified its involvement in the business. The role of public investment into infrastructure as a cornerstone of future economic growth is characterized. Keynesian idea of the importance for economic development of investment in human capital is obtained. The features of neo-developmentalism (neo-structuralism) that have proliferated in the XXI century are analysed.
If for one particular company 20 years — a huge period, for the whole industry it is rather the formation period with its inherent problems of growth and professional recognition.