Public Spending and the Role of the State

History, Performance, Risk and Remedies

Inbunden, Engelska, 2020

AvLudger Schuknecht

1 699 kr

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Given high government spending, debt and the new challenges on the horizon, the themes of this work are more relevant than ever: the essential tool of spending by the state, its 'value for money', likely risks in the future, and the remedies to create lean, efficient and sustainable government. This book takes a holistic and international approach, covering most advanced countries, and discusses a historical overview of public expenditure, from the nineteenth century to the modern day, as well as future challenges. It sees the government's role as providing sound rules of the game and essential public goods and services. In presenting the relevant arguments, information and policy recommendations through comprehensive tables, charts and historical facts, the book addresses a broad readership, including students, professionals and interested members of the public.

Produktinformation

Utgivningsdatum2020-11-12
Mått230 x 150 x 20 mm
Vikt520 g
FormatInbunden
SpråkEngelska
Antal sidor304
FörlagCambridge University Press
ISBN9781108496230

Tillhör följande kategorier

Företagsekonomi inom Ekonomi och Ledarskap
Nationalekonomi inom Ekonomi och Ledarskap
Makroekonomi inom Ekonomi och Ledarskap

Introduction; Part I. The Growth of Government: 1. The Growth of Government Expenditure Over the Past 150 Years; 2. The Composition of Expenditure; 3. Financing Government; Part II. Value for Money: 4. Government Performance and Efficiency; 5. Reforming Public Expenditure; 6. The Optimal Size of Government; Part III. Fiscal Risks: 7. Social Expenditure and the Risk of 'Social Dominance'; 8. Fiscal–Financial Risks 1: Interest Rate, Asset Markets and Real Economy Channels; 9. Fiscal–Financial Risks 2: Bank, Shadow Bank, Central Bank and International Channels; Part IV. Remedies: 10. Rules and Institutions; 11. Conclusions and Epilogue; Table of Data Sources; Bibliography; Index.

'Ludger Schuknecht has provided a forceful and forensic examination of longer-term trends in the development of the fiscal state, coupled with a judicious survey of different measures for assessing the effectiveness of expenditure. The appeal for a rules-based approach, and the warning on the long-term consequences of higher debt levels, is more important than ever.' Harold James, Princeton University

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