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

  • Rögnvaldur Hannesson

Table of contents

  1. Front Matter
    Pages i-vi
  2. Rögnvaldur Hannesson
    Pages 1-14
  3. Rögnvaldur Hannesson
    Pages 15-29
  4. Rögnvaldur Hannesson
    Pages 30-43
  5. Rögnvaldur Hannesson
    Pages 44-59
  6. Rögnvaldur Hannesson
    Pages 60-76
  7. Rögnvaldur Hannesson
    Pages 77-85
  8. Rögnvaldur Hannesson
    Pages 86-95
  9. Rögnvaldur Hannesson
    Pages 96-102
  10. Back Matter
    Pages 103-115

About this book

Introduction

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?

Keywords

Government debt democracy Sweden welfare state public consumption government revenue taxes Keynesianism economic growth European Union (EU) growth money Welfare Welfare State

Authors and affiliations

  • Rögnvaldur Hannesson
    • 1
  1. 1.Norwegian School of EconomicsNorway

Bibliographic information

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Finance, Business & Banking