The Economics of Public Spending
Subtitle: Debts, Deficits and Economic Performance
Publisher: Edward Elgar Publishing
Published: November 30, 2000
Language: eng
Format: Hardcover
Number of pages: 192
ISBN-13: 9781840643978
Subjects: Macroeconomics; Public Finance; Economics - General; Business & Economics; Business / Economics / Finance; Budget deficits; Congresses; Debts, Public; Expenditures, Public; Government spending policy; Business/Economics
Description: "The Economics of Public Spending shows in clear and simple terms that the strategy of public sector downsizing is based on a misleading conception of public finance. The book dispels several myths about public deficits and debts, offering alternative approaches to fiscal and monetary policies. The contributors argue convincingly and authoritatively that the pubic sector is crucial for economic growth, that budget deficits are required for improving the performance of the private sector and that there is a real need for an economic agenda based on public deficits and low stable real interest rates in order to achieve full employment with high wages, more generous social programmes and sustainable inflation." "This book will be of great interest to policymakers in government, academic researchers, public finance experts and economists."--Jacket.