Booth / Bourne / Meakin Taxation, Government Spending and Economic Growth

1. Auflage 2016
ISBN: 978-0-255-36735-6
Verlag: London Publishing Partnership
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 254 Seiten, Web PDF

Amidst the debates about ‘austerity’ a number of vital debates in public finance have been sidelined. Because the reductions in government spending – small though they have been so far- have been designed to reduce the government’s borrowing requirement, there has been little discussion of whether the size of the state should be reduced in order to facilitate long-run reductions in the burden of taxation. This book traces the history of the growth of the size of the state over the last 100 years whilst also making international comparisons. There is a particular focus on recent and projected future developments which shows that, though the total level of government spending has not decreased significantly in recent years, there has been a big redirection of spending from some areas to others. The authors then examine the evidence on the relationship between taxation and economic growth. As well as reviewing recent literature, they also undertake new modelling that higher taxes are detrimental for growth. In the final part of the book, the whole UK tax system is reconsidered in a proper economic framework. The UK has one of the world’s most complex tax systems and its incoherence has increased over the last five years. Sweeping reforms are proposed to the system which wold involve abolishing around 20 taxes and the development of a simple, predictable tax system based on principles that should gain wide acceptance.

Autoren/Hrsg.

Booth, Philip

Bourne, Ryan

Meakin, Rory

Minford, Lucy

Minford, Patrick

Smith, David B.

Über Autor(innen)

Bourne, Ryan
Ryan Bourne is Head of Public Policy at the IEA and a weekly columnist for CityAM. He has previously worked at both the Centre for Policy Studies and Frontier Economics, and has written widely on economic topics.

Smith, David B.
David B. Smith studied economics at Trinity College, Cambridge, and the University of Essex before working as a macroeconomic modeller and economic forecaster, predominantly in banks and security houses, from 1968 to 2006. He was also a Visiting Professor at the University of Derby from 2006 to 2014 and Chairman of the IEA’s Shadow Monetary Policy Committee between 2003 and 2014. David has published numerous papers on topics such as fiscal policy, monetary issues and financial regulation since the mid 1970s. His IEA monograph Living with Leviathan: Public Spending, Taxes and Economic Performance gained the IEA’s Arthur Seldon Award for excellence in 2007.

Booth, Philip
Philip Booth is Academic and Research Director at the Institute of Economic Affairs and Professor of Finance, Public Policy and Ethics at St Mary’s University, Twickenham. From 1 November 2016, he will be Director of Research and Public Engagement at St  Mary’s. Previously, he worked for the Bank of England as an advisor on financial stability issues and has been Associate Dean of Cass Business School. He has written widely, including a number of books, on investment, finance, social insurance and pensions as well as on the relationship between Catholic social teaching and economics. Philip has a BA in economics from the University of Durham and a PhD from City University.

Meakin, Rory
Rory Meakin is a research fellow at the TaxPayers’ Alliance, where he was previously Head of Tax Policy and Research Director. He was lead researcher to their joint project with the Institute of Directors, the 2020 Tax Commission.

Minford, Patrick
Patrick Minford is Professor of Economics at Cardiff University, where he directs the Julian Hodge Institute of Applied Macroeconomics. His main research interest is in macroeconomic modelling and forecasting. Between 1967 and 1976 he held a variety of economic positions, including spells in East Africa, industry, HM Treasury and its delegation in Washington, DC. From 1976 to 1997, he was the Edward Gonner Professor of Applied Economics at Liverpool University, where he founded and directed the Liverpool Research Group in Macroeconomics; this built the ‘Liverpool Model’ of the UK, which was influential in forecasting and policy analysis during the 1980s. During the 1990s he also undertook part-time roles in the UK administration: he was a Member of the Monopolies and Mergers Commission from 1990 to 1996, and one of HM Treasury’s Panel of Forecasters (‘Wise Men/Persons’) from 1993 to 1996. He was made a CBE in 1996. His published work includes books, journal articles and op-ed pieces in the area of macroeconomics and related policy issues.

Minford, Lucy
Lucy Minford is currently a postdoctoral research fellow in economics at Cardiff Business School. Her doctoral research was funded by the UK Economic and Social Research Council, and she obtained her PhD in economics from Cardiff University in 2015. Her research interests lie in economic growth and applied macroeconomics. In addition to her economics training, Lucy has a BA in Classics from Magdalen College, Oxford.