Debt, Democracy and the Welfare State [electronic resource] : Are Modern Democracies Living on Borrowed Time and Money? /
Hannesson, R.author.
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?
Bibliographic Level Mode of Issuance: Monograph
Includes bibliographical references and index.
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?
The rising tide of debt -- Why has government debt increased? -- The cost disease of public services -- The welfare state : insurance or redistribution? -- Democracy and enlightened authoritarianism -- The European Union : if viable colossus? -- How Sweden got out of the debt trap -- Conclusion -- Appendix : data sources.
Economic policy.
Public finance.
Macroeconomics.
Democracy.
Welfare state.
Welfare economics.
Economic Policy.
Public Economics.
Macroeconomics/Monetary Economics//Financial Economics.
Democracy.
Politics of the Welfare State.
Social Choice/Welfare Economics/Public Choice/Political Economy.