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Books > Business & Economics > Economics > Macroeconomics
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The Economics of Public Spending - Debts, Deficits and Economic Performance (Hardcover)
Loot Price: R3,118
Discovery Miles 31 180
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The Economics of Public Spending - Debts, Deficits and Economic Performance (Hardcover)
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This book argues that in many jurisdictions free market advocates
have resorted to public sector downsizing and privatization as a
means of alleviating problems of unemployment and slow economic
growth and that, as a consequence, the strategy of reducing public
deficits, balancing budgets and achieving surpluses has become
widely accepted as the only road to prosperity. The Economics of
Public Spending shows in clear and simple terms that the strategy
of public sector downsizing is based on a misleading conception of
public finance. The book dispels several myths about public
deficits and debts, offering alternative approaches to fiscal and
monetary policies. The contributors argue convincingly and
authoritatively that the public sector is crucial for economic
growth, that budget deficits are required for improving the
performance of the private sector and that there is a real need for
an economic agenda based on public deficits and low stable real
interest rates in order to achieve full employment with high wages,
more generous social programmes and sustainable inflation. This
fascinating and challenging book will be of great interest to
policymakers in government, academic researchers as well as public
finance experts and economists.
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