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

Author:   R. Hannesson
Publisher:   Palgrave Macmillan
ISBN:  

9781137531995


Pages:   115
Publication Date:   24 April 2015
Format:   Hardback
Availability:   In Print   Availability explained
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Debt, Democracy and the Welfare State: Are Modern Democracies Living on Borrowed Time and Money?


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Overview

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?

Full Product Details

Author:   R. Hannesson
Publisher:   Palgrave Macmillan
Imprint:   Palgrave Pivot
Dimensions:   Width: 14.00cm , Height: 1.10cm , Length: 21.60cm
Weight:   0.307kg
ISBN:  

9781137531995


ISBN 10:   1137531991
Pages:   115
Publication Date:   24 April 2015
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

1. The Rising Tide of Debt 2. Why has Government Debt Increased? 3. The Cost Disease of Public Services 4. The Welfare State: Insurance or Redistribution? 5. Democracy and Enlightened Authoritarianism 6. The European Union: A Viable Colossus? 7. How Sweden Got Out of the Debt Trap 8. Conclusion Appendix - Data Sources Literature

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Author Information

Rögnvaldur Hannesson is Professor Emeritus of Economics at the Norwegian School of Economics, Bergen. He has published over 100 articles in professional journals, as well as several books, including Ecofundamentalism: A critique of Extreme Environmentalism, The Privatization of the Oceans, and Investing for Sustainability: The Management of Mineral Wealth.

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