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The Political Economy of Public Finance: Taxation, State Spending and Debt since the 1970s

Paperback / softback

Main Details

Title The Political Economy of Public Finance: Taxation, State Spending and Debt since the 1970s
Authors and Contributors      Edited by Marc Buggeln
Edited by Martin Daunton
Edited by Alexander Nutzenadel
Physical Properties
Format:Paperback / softback
Pages:329
Dimensions(mm): Height 229,Width 152
Category/GenrePolitical economy
ISBN/Barcode 9781316505595
ClassificationsDewey:336.091722
Audience
Professional & Vocational

Publishing Details

Publisher Cambridge University Press
Imprint Cambridge University Press
Publication Date 21 February 2019
Publication Country United Kingdom

Description

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.

Author Biography

Marc Buggeln is lecturer at Humboldt-Universitat zu Berlin. 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. Alexander Nutzenadel is Professor of Economic and Social History at Humboldt-Universitat zu Berlin.