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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Political Economy of Public Finance

The Political Economy of Public Finance

Buggeln, Marc
Daunton, Martin
Nützenadel, Alexander

Paperback

Investing & FinanceGeneral Political Science

ISBN10: 1316505596
ISBN13: 9781316505595
Publisher: Cambridge University Press
Published: Feb 21 2019
Pages: 330
Weight: 1.07
Height: 0.74 Width: 6.00 Depth: 9.00
Language: English
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.

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