Debt, Democracy and the Welfare State: Are Modern Democracies Living on Borrowed Time and Money?

Hannesson, R.

Why is it that government debt in the developed world has risen to world war proportions in a time of peace? This can largely be attributed to governments maintaining welfare expenditures beyond what tax revenues allow. But will these governments refrain from doing what is necessary for economic growth for fear of losing their electorate?

Details

Published by: Palgrave Pivot

Publication Date: 2015-04-24

Format: Hardcover

ISBN-13: 9781137531995

DOI: 10.1057/9781137532008

Dimensions: 216cm x140cm

Pages: 115