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Classical Economics, Public Expenditure, and Growth

Classical Economics, Public Expenditure, and Growth
Author: Walter Eltis
Publisher: Edward Elgar Publishing
Total Pages: 496
Release: 1993
Genre: Business & Economics
ISBN:

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Walter Eltis's work has played a major role in the rediscovery of the policy relevance of classical economics. His articles on Smith, Quesnay, Ricardo and Malthus, where he derives their underlying economic argument from a detailed examination of their principal publications, led to the Bacon and Eltis theory which challenged Keynesian orthodoxy. It showed how growing public expenditure and increasing public debt reduce economic growth and destabilize modern economies. This volume includes a carefully chosen selection of his key articles and papers, as well as an extensive introductory essay which provides an account of the evolution of his ideas and their impact on economic policy.


Classical Economic Theory and the Modern Economy

Classical Economic Theory and the Modern Economy
Author: Steven Kates
Publisher: Edward Elgar Publishing
Total Pages: 264
Release: 2020-06-26
Genre: Business & Economics
ISBN: 1786433575

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Economic theory reached its zenith of analytical power and depth of understanding in the middle of the nineteenth century among John Stuart Mill and his contemporaries. This book explains what took place in the ensuing Marginal Revolution and Keynesian Revolution that left economists less able to understand how economies operate. It explores the false mythology that has obscured the arguments of classical economists, providing a pathway into the theory they developed.


Public Expenditure, Economic Growth and Inflation

Public Expenditure, Economic Growth and Inflation
Author: Mukesh Kumar Solanki
Publisher: Allied Publishers
Total Pages: 134
Release: 2015-02-11
Genre: Economic development
ISBN: 8184249764

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The book “Public Expenditure, Economic Growth and Inflation” addresses the most relevant issue of inflation in Indian economy. It makes an interesting reading as it attempts to establish the relationship among three macro-economic indicators, i.e., public expenditure, economic growth and inflation. The book gives an overview of the increasing public expenditure and its composition throughout the years after independence. Based on the secondary data the study makes a sincere effort to establish the possible relationship between public expenditure, inflation and economic growth. The book finds out that the Wagner law of increasing state activity is applicable in India both in absolute and relative terms. Economic Growth and public expenditure are positively correlated. Economic growth and inflation are inversely related. As public expenditure is motivated by maximization of social welfare, reduction in public expenditure means to sacrifice the social welfare objective.


Public Spending in the 20th Century

Public Spending in the 20th Century
Author: Vito Tanzi
Publisher: Cambridge University Press
Total Pages: 316
Release: 2000-06-05
Genre: Business & Economics
ISBN: 9780521664103

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After a detailed account of reform experiences in several countries and the public debate regarding government reform, the study closes with an outlook on the future role of the state, a period when globalization may require and people may want "leaner" but not "meaner" states."--Jacket.


Public Choice Analysis in Historical Perspective

Public Choice Analysis in Historical Perspective
Author: Alan Peacock
Publisher: Cambridge University Press
Total Pages: 252
Release: 1997-07-24
Genre: Business & Economics
ISBN: 9780521599764

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In this volume, Sir Alan Peacock, one of Britain's most noted public economists, poses the question as to whether the history of economic thought is an essential part of the training of public finance economists. He argues that the perspective gained by studying the origins of public choice analysis can offer an important stimulus to scientific progress. The first lecture analyses the increasing popularity in recent years of the modernist, anti-historical point of view. The second criticises those theories of growth in government expenditure which ignore the political process. The third lecture draws on Adam Smith and David Hume to extend the conventional economic model of bureaucracy. In the final lecture, Peacock considers the problem of controlling public sector growth and points to ways of overcoming them. The book ends with short commentaries by seven public economists.


The Growth of Public Expenditure in the United Kingdom

The Growth of Public Expenditure in the United Kingdom
Author: Alan Peacock
Publisher: Taylor & Francis
Total Pages: 258
Release: 2024-09-02
Genre: Business & Economics
ISBN: 1040101488

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Originally published in 1961, this book became widely used as a textbook, as an important source of primary data on British government expenditure statistics and as the point of departure for further empirical and analytical studies of the behaviour of governments. The book was recognised as one of the formative influences in the development of a positive theory of government expenditure which sought to explain the size and structure of the system of public finance rather than justify it


Public Expenditure

Public Expenditure
Author: Jesse Burkhead
Publisher: Aldine
Total Pages: 364
Release: 1971
Genre: Business & Economics
ISBN: 9780202060422

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Textbook on the economic theory of public expenditure - covers the concept of public interest, the growth of the public sector, economic policy, programme planning and budgeting, cost benefit analysis, public finance, fiscal policy, the conflict between centralization and decentralization, etc. References.


Public Spending and the Role of the State

Public Spending and the Role of the State
Author: Ludger Schuknecht
Publisher: Cambridge University Press
Total Pages: 305
Release: 2020-11-12
Genre: Business & Economics
ISBN: 1108496237

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Up-to-date, holistic and comprehensive discussion of public expenditure, its history, value for money, risks and remedies.


A critical appraisal of the theories of government expenditure growth

A critical appraisal of the theories of government expenditure growth
Author: Eckhard Scharmer
Publisher: GRIN Verlag
Total Pages: 14
Release: 2003-08-16
Genre: Business & Economics
ISBN: 3638210936

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Seminar paper from the year 2002 in the subject Economics - Finance, grade: 1,7 (A-), Stellenbosch Universitiy (Economics), course: Public Finance, language: English, abstract: Explaining the phenomenon of the growth of government expenditure has always been a wide field in the science of Public Finance. The aim of those theories is not only to explain government growth but also to find solutions in order to distribute public expenses more efficiently and to derive the “optimal” size of the government, finally. Before using these models and theories as a tool and vehicle one has to ask whether those theories are applicable in reality at all, because each theory has shortcomings and deficits which might lead to incorrect results and wrong decisions. The purpose of this paper is to reveal and discuss the most important criticism and to show that there does not exist a perfect theory which might explain government growth.