Domestic Economy

Failure of Command Economy in Iran

Failure of Command Economy
Failure of Command Economy

The discussion of government intervention in the economy and the limits of this intervention is a point of dispute among different economic schools and it falls into the category of political economy.
In fact, the first formal school of codified political economy, that is the school of mercantilism in the 16th century, aligned with the trade revolution, emphasized the reduction of government intervention in the economy and the strong presence of the market and the private sector, and provided a strong foundation for the emergence of classical political economy, Vahid Shaqaqi-Shahri opened an article for the Persian economic daily Donya-e-Eqtesad with this note.


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