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Fiscal Policy in Focus: Responsibilities and Limitations of Governments (Routledge Focus on Management and Society) - Softcover
Inhaltsangabe
The majority of economists today are opposed to allowing governments a significant role in economic affairs. In particular, demand management and redistributive policies are frowned upon, and supply-side policies (that concentrate on enhancing the profitability of business operations) are advocated as the only legitimate channels of government action. The possibility of ‘government failure’ in the economic sphere is endlessly emphasised.
The book argues that this view is only partially correct, at best. To make development inclusive and sustainable over the long run, the state must step in as an active enabler and regulator of private initiative. In a good society, the public–private relationship should be complementary, not adversarial. The enabler–regulator duty of the government cannot be effectively discharged with only supply-side and monetary instruments. Well-designed, effectively implemented fiscal action is indispensable for promoting social welfare with its twin aspects of efficiency and distributive justice.
Within a short compass, the strengths and limitations of tax expenditure policies in managing the economy are discussed in non-technical language, keeping the ‘government failure vs market failure’ debate as a focal point.
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Über die Autorin bzw. den Autor
Soumyen Sikdar retired as Professor of Economics at the Indian Institute of Management Calcutta, India. He has also taught at Calcutta University, Burdwan University and Presidency University, India. As Faculty/Researcher, he has visited the Indira Gandhi Institute of Development Research (India), Osaka University (Japan) and Aarhus University (Denmark). His research interests include macroeconomics of open economies, India and globalisation and public policy.
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Paperback. Zustand: new. Paperback. The majority of economists today are opposed to allowing governments a significant role in economic affairs. In particular, demand management and redistributive policies are frowned upon, and supply-side policies (that concentrate on enhancing the profitability of business operations) are advocated as the only legitimate channels of government action. The possibility of government failure in the economic sphere is endlessly emphasised.The book argues that this view is only partially correct, at best. To make development inclusive and sustainable over the long run, the state must step in as an active enabler and regulator of private initiative. In a good society, the publicprivate relationship should be complementary, not adversarial. The enablerregulator duty of the government cannot be effectively discharged with only supply-side and monetary instruments. Well-designed, effectively implemented fiscal action is indispensable for promoting social welfare with its twin aspects of efficiency and distributive justice.Within a short compass, the strengths and limitations of tax expenditure policies in managing the economy are discussed in non-technical language, keeping the government failure vs market failure debate as a focal point. The book argues that inclusive and sustainable development requires the State to act as an active enabler and regulator. A complementary public-private relationship is indispensable for promoting social welfare. The subject matter also discusses the strengths and limitations of tax-expenditure policies. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Bestandsnummer des Verkäufers 9781032955445
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Paperback. Zustand: new. Paperback. The majority of economists today are opposed to allowing governments a significant role in economic affairs. In particular, demand management and redistributive policies are frowned upon, and supply-side policies (that concentrate on enhancing the profitability of business operations) are advocated as the only legitimate channels of government action. The possibility of government failure in the economic sphere is endlessly emphasised.The book argues that this view is only partially correct, at best. To make development inclusive and sustainable over the long run, the state must step in as an active enabler and regulator of private initiative. In a good society, the publicprivate relationship should be complementary, not adversarial. The enablerregulator duty of the government cannot be effectively discharged with only supply-side and monetary instruments. Well-designed, effectively implemented fiscal action is indispensable for promoting social welfare with its twin aspects of efficiency and distributive justice.Within a short compass, the strengths and limitations of tax expenditure policies in managing the economy are discussed in non-technical language, keeping the government failure vs market failure debate as a focal point. The book argues that inclusive and sustainable development requires the State to act as an active enabler and regulator. A complementary public-private relationship is indispensable for promoting social welfare. The subject matter also discusses the strengths and limitations of tax-expenditure policies. This item is printed on demand. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. Bestandsnummer des Verkäufers 9781032955445
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Paperback. Zustand: new. Paperback. The majority of economists today are opposed to allowing governments a significant role in economic affairs. In particular, demand management and redistributive policies are frowned upon, and supply-side policies (that concentrate on enhancing the profitability of business operations) are advocated as the only legitimate channels of government action. The possibility of government failure in the economic sphere is endlessly emphasised.The book argues that this view is only partially correct, at best. To make development inclusive and sustainable over the long run, the state must step in as an active enabler and regulator of private initiative. In a good society, the publicprivate relationship should be complementary, not adversarial. The enablerregulator duty of the government cannot be effectively discharged with only supply-side and monetary instruments. Well-designed, effectively implemented fiscal action is indispensable for promoting social welfare with its twin aspects of efficiency and distributive justice.Within a short compass, the strengths and limitations of tax expenditure policies in managing the economy are discussed in non-technical language, keeping the government failure vs market failure debate as a focal point. The book argues that inclusive and sustainable development requires the State to act as an active enabler and regulator. A complementary public-private relationship is indispensable for promoting social welfare. The subject matter also discusses the strengths and limitations of tax-expenditure policies. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability. Bestandsnummer des Verkäufers 9781032955445
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