Growing Public: Volume 1, The Story: Social Spending and Economic Growth since the Eighteenth Century
Peter Lindert inquires as to whether social policies that redistribute income impose constraints on economic growth. Although taxes and transfers have been debated for centuries, only recently have we been able to obtain a clear view of the evolution of social spending. Lindert argues that, contrary to the intuition of many economists and the ideology of many politicians, social spending has contributed to, rather than inhibited, economic growth. Peter Lindert is a prize-winning researcher and teacher at the University of California-Davis where he serves as President of the Economic History Association and as Co-Editor of its journal. His textbooks in international economics have been translated into at least eight other languages, and he has previously taught at the University of Essex, Harvard University, Moscow State University, and University of Wisconsin.
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LibraryThing ReviewUser Review - thcson - LibraryThing
The author argues that social spending has contributed to economic growth, not inhibited it, and goes through the historical evidence for this thesis in some detail. It's a bit of a terse book ... Read full review