The Political Economy of Public Finance

Taxation, State Spending and Debt Since the 1970s
Erscheinungsjahr 2019
ISBN: 978-1-316-50559-5
Verlag: Cambridge University Press

Buch, Englisch, 329 Seiten, Format (B × H): 152 mm x 229 mm, Gewicht: 485 g

This volume examines the major trends in public finance in developed capitalist countries since the oil crisis of 1973. That year's oil shock quickly became an economic crisis, putting an end to a period of very high growth rates and an era of easy finance. Tax protests and growing welfare costs often led to rising debt levels. The change to floating exchange rates put more power in the hand of markets, which corresponded with a growing influence of neo-liberal thinking. These developments placed state finances under considerable pressure, and leading scholars here examine how the wealthiest OECD countries responded to these challenges and the consequences for the distribution of wealth between the rich and the poor. As the case studies here make clear, there was no simple 'race to the bottom' in taxation and welfare spending: different countries opted for different solutions that reflected their political and economic structures.

Autoren/Hrsg.

Buggeln, Marc

Daunton, Martin

Nützenadel, Alexander

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik

Über Autor(innen)

Daunton, Martin
Martin Daunton was Professor of Economic History at the University of Cambridge from 1997 to 2015, and was previously Astor Professor of British History at University College London.

Nützenadel, Alexander
Alexander Nützenadel is Professor of Economic and Social History at Humboldt-Universität zu Berlin.

Buggeln, Marc
Marc Buggeln is lecturer at Humboldt-Universität zu Berlin.