LIBERALISM OR REGULATION

The paper considers the tendencies of development of paleoliberalism and neoliberalism with respect to evolution of market economy. Paleoliberalism implied complete liberation of economy from government regulation. In 30s of XX century neoliberal theory was developed. On the basis of exhaustive research it is evident that a great number of economists consider ultraliberal capitalism to be collapsed in conditions of global financial crisis, and governments are compelled to apply to populist protectionism. We consider it to be advisable to take protectionist measures in extremely situation.