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The Political Economy of Public Finance by Marc Buggeln, Martin Daunton, Alexander Nützenadel

The Political Economy of Public Finance

by Marc Buggeln , Martin Daunton , Alexander Nützenadel
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Book cover type: Hardcover
  • ISBN13: 9781107140127
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Cambridge University Press
  • Publisher Imprint: Cambridge University Press
  • Publication Date:
  • Pages: 328
  • Original Price: USD 76.0
  • Language: English
  • Edition: N/A
  • Item Weight: 595 grams
  • BISAC Subject(s): Public Finance

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.

Buggeln, Marc: - Marc Buggeln is lecturer at Humboldt-Universität zu Berlin.

Daunton, Martin: - Martin Daunton was Professor of Economic History at the University of Cambridge from 1997 to 2015, and was previously Astor Professor of British History at University College London.

Daunton, Martin: - Martin Daunton was Professor of Economic History at the University of Cambridge from 1997 to 2015, and was previously Astor Professor of British History at University College London.

Nützenadel, Alexander: - Alexander Nützenadel is Professor of Economic and Social History at Humboldt-Universität zu Berlin.

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