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E-RESOURCE
Author Hannesson, Rognvaldur.

Title Debt, democracy and the welfare state [electronic resource] ; are modern democracies living on borrowed time and money? / Rognvaldur Hannesson.

Published Basingstoke, Palgrave Pivot, 2015.

Copies

Location Call No. Status
 UniM INTERNET resource    AVAILABLE
Physical description 122 p. : 22 figures, 1.
Notes Electronic book text.
Epublication based on: 9781137531995, 2015.
Contents 1. The Rising Tide of Debt 2. Why has Government Debt Increased? 3. The Cost Disease of Public Services 4. The Welfare State: Insurance or Redistribution? 5. Democracy and Enlightened Authoritarianism 6. The European Union: A Viable Colossus? 7. How Sweden Got Out of the Debt Trap 8. Conclusion Appendix - Data Sources Literature.
File type Document
Summary Why is it that government debt in the developed world has risen to world war proportions in a time of peace? This can largely be attributed to governments maintaining welfare expenditures beyond what tax revenues allow. But will these governments refrain from doing what is necessary for economic growth for fear of losing their electorate? Why is it that government debt in the developed world has risen to world war proportions in a time of peace? This can largely be attributed to governments maintaining welfare expenditures beyond what tax revenues allow. But will these governments refrain from doing what is necessary for sustainable economic growth for fear of losing their electorate? In this book, Hannesson examines the current public debt crises of both small and large democracies in terms of the inability or unwillingness of democratic leaders to balance taxes and public spending. It explores crucial issues involved in the financing of the welfare state addressing how governments should go about balancing public service spending, alongside private sector contributions.
System notes PDF.
History notes Rognvaldur Hannesson is Professor Emeritus of Economics at the Norwegian School of Economics, Bergen. He has published over 100 articles in professional journals, as well as several books, including Ecofundamentalism: A critique of Extreme Environmentalism, The Privatization of the Oceans, and Investing for Sustainability: The Management of Mineral Wealth.
Subject Fiscal policy -- History -- 21st century.
Government spending policy -- History -- 21st century.
Debts, Public -- History -- 21st century.
Elections -- History -- 21st century.
Political economy.
Welfare economics.
Taxation.
Economics.
Political economy.
Welfare economics.
Public finance & taxation.
ISBN 9781137532008 : £30.00
1137532009 : £30.00