Abstract:

State intervention in economy is made in the form of economic law. In order to distinguish the relationship between economic law and state intervention，we need first to understand the origins and definitions of economic law. Economic law had experienced an unprecedented development in the period of monopoly capitalism，and got accepted by the society as a legal form of state intervention. It adjusts the four major elements in economic relationship: macrocontrol，market entity，market order and social allocation. Compensating for the inherent vice of market and government，economic law has played an important role on overcoming market and government failure，and has also laid the foundation for the legalization of state intervention .

Key words: economic relations, economic law, adjustment subject of economic law, state intervention in economy, legalization of state intervention