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Books > History > History of specific subjects > Social & cultural history
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Growing Public: Volume 2, Further Evidence - Social Spending and Economic Growth since the Eighteenth Century (Hardcover, New)
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Growing Public: Volume 2, Further Evidence - Social Spending and Economic Growth since the Eighteenth Century (Hardcover, New)
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Growing Public examines the question of whether social policies
that redistribute income impose constraints on economic growth.
What kept prospering nations from using taxes for social programs
until the end of the nineteenth century? Why did taxes and spending
then grow so much, and what are the prospects for social spending
in this century? Why did North America become a leader in public
education in some ways and not others? Lindert finds answers in the
economic history and logic of political voice, population ageing,
and income growth. Contrary to traditional beliefs, the net
national costs of government social programs are virtually zero.
This book not only shows that no Darwinian mechanism has punished
the welfare states, but uses history to explain why this surprising
result makes sense. Contrary to the intuition of many economists
and the ideology of many politicians, social spending has
contributed to, rather than inhibited, economic growth.
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