Entrepreneurship, knowledge and employment

The Role of the State in the economic policy thought of Bulgaria and Turkey during the interwar period – A comparative inquiry

Penchev Pencho, University of National and World Economy
Ozgur Erdem , Dokuz Eylül Üniversitesi, Turkey

The paper is focused on the role of the state in economic thought policy of Bulgaria and Turkey during the Interwar period. The idea of state/government intervention in the economy has a long tradition on the Balkans. This tradition was influential both among politicians and among intellectuals in Bulgaria and Republican Turkey. The comparative perspective of the paper reveals the similarities and also the differences in the approach towards the most important economic issues of the Turkish and Bulgarian elites. The Bulgarian and Turkish interwar experience demonstrates that the interventionist idea was highly adaptive and well-accepted by the political and economic elite of the two countries. The economic environment during the 1920s and 1930s was different, but the statism remained alive and well.

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Keywords: economic thought, etatism, interwar period

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