Debt, Democracy and the Welfare State Are Modern Democracies Living on Borrowed Time and Money? /

Hannesson, R.

Debt, Democracy and the Welfare State Are Modern Democracies Living on Borrowed Time and Money? / [electronic resource] : by R. Hannesson. - 1st ed. 2015. - VI, 115 p. online resource.

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?

9781137532008

10.1057/9781137532008 doi


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.

HD87-87.55

338.9

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