Özet:

Regulation is a function that modern state carried out since its genesis. As an extension of regulation, the state, following the II. World War, in order to rejuvenate the economy and heal the havoc of the war, became an actor including production. It had a gigantic realm of authority including public ownership and manufacture. Whereas, during the crisis of 1970’s, the interventionist regulation policies of Keynesian welfare state was perceived as a factor behind the crisis. One of the prominent proposal of new public management to overcome the crisis was neoliberal deregulation policy, necessitating to renounce Keynesian interventionist regulation applications. The proposal on deregulation had a wide range acceptance in society and administration which resulted in intensive privatization. At this point, government has retreated from the market as a direct economic actor, however, begun to form new rules to protect citizens from uncertainties of the market – that is referred as reregulation. This article, depending upon the related literature, aims to understand the current status of regulation by analyzing the concept of regulatory state with Keynesian function of regulation in the context of continuity-transformation and disengagement

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