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Title: GROWING PUBLIC: VOLUME 2, FURTHER EVIDENCE
SOCIAL SPENDING AND ECONOMIC GROWTH SINCE THE EIGHTEENTH CENTURY
By: Peter H. Lindert
Format: Paperback

List price: £42.00
Our price: £36.75
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You save: £5.25
ISBN 10: 0521529174
ISBN 13: 9780521529174
Availability: Usually dispatched within 1-3 weeks.
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Publisher: CAMBRIDGE UNIVERSITY PRESS
Pub. date: 30 September, 2009
Pages: 244
Description: Growing Public examines the question of whether social policies that redistribute income impose constraints on economic growth.
Synopsis: 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.
Illustrations: 12 b/w illus. 46 tables
Publication: UK
Imprint: Cambridge University Press
Returns: Returnable
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