Government: the Deficit and What to Do About It

Tim Hazledine

Chapter 18 in Full Employment without Inflation, 1984, pp 152-158 from Palgrave Macmillan

Abstract: Abstract The largest single lump in the lumpy economy is government itself. In the OECD economies, government spending averages around 40 per cent of Gross National Product. This is a large number, and one that has grown about fourfold since the end of the First World War.1

Keywords: Government Spending; Full Employment; European Economic Community; Sales Taxis; Natural Monopoly (search for similar items in EconPapers)
Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17697-7_18

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DOI: 10.1007/978-1-349-17697-7_18

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