In accordance with the generally accepted Marxist-Leninist concept in our recent past, the state is a powerful tool for transforming the economic system of society and further developing the economy. This is done through the nationalization of fixed assets, state planning of economic development, the introduction of a monopoly of foreign trade, and state regulation of prices.
In Western science, there are two main concepts of the relationship between the state and the economy. According to supporters of the liberal trend (F. background Hayek, M. Friedman and others), government intervention in the economy should be minimal: it establishes only the necessary legal framework, and everything else is done through self-regulation of market relations.
Representatives of the “maximum state” (J. M. Keynes, D. Hicks, J. Galbraith, V.V. Leontyev, and others) emphasize the need to use the unique capabilities of the state, which “should contribute to the happiness and prosperity of society.” Among Russian politicians there is a sharp struggle over the economic role of the state between the right and left.
What is the difference between the role of the state in a market and planned economy? Describe the economic function of the state.

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