Debt, Democracy and the Welfare State
Are Modern Democracies Living on Borrowed Time and Money?
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Beschreibung
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?
Autor*in
R. Hannesson
Themen in »Debt, Democracy and the Welfare State«
Government debt democracy Sweden welfare state public consumption government revenue taxes Keynesianism economic growth European Union (EU) growth money Welfare Welfare State