Description

Book Synopsis

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 âgovernment failureâ 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 o

Fiscal Policy in Focus

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    A Hardback by Soumyen Sikdar

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      Book details

      Publisher Taylor & Francis
      Published 3/20/2025
      ISBN-13 9781032955421
      978-1032955421
      ISBN-10 1032955422
      Also in:
      Dictionaries, Reference & Language Reception or Interpretation studies / Audience Theory

      Description

      Book Synopsis

      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 âgovernment failureâ 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 o

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