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Könyv Spending Without Taxation Gene Park

Spending Without Taxation

FILP and the Politics of Public Finance in Japan

Szerző: Gene Park
Nyelv: Angol
Kötés: Kemény kötésű
Kiadó: Stanford University Press
Elérhetőség: Beszállítói készleten
Küldés 9-15 napon belül
28 344 Ft
Governments confront difficult political choices when they must determine how to balance their spend...

Információk a könyvről

Szerző
Gene Park
Nyelv
Angol
Kötés
Könyv - Kemény kötésű
Kiadva
2011
oldal
337
EAN
9780804773300
ISBN
0804773300
Enbook ID
04719020
Kiadó
Stanford University Press
Súly
590
Méretek
152 x 229 x 28

Teljes leírás

Governments confront difficult political choices when they must determine how to balance their spending. But what would happen if a government found a means of spending without taxation? In this book, Gene Park demonstrates how the Japanese government established and mobilized an enormous off-budget spending system, the Fiscal Investment Loan Program (FILP), which drew on postal savings, public pensions, and other funds to pay for its priorities and reduce demands on the budget. Park's book argues that this system underwrote a distinctive postwar political bargain, one that eschewed the rise of the welfare state and Keynesianism, but that also came with long-term political and economic costs that continue to this day. By drawing attention to FILP, this study resolves key debates in Japanese politics and also makes a larger point about public finance, demonstrating that governments can finance their activities not only through taxes but also through financial mechanisms to allocate credit and investment. Such "policy finance" is an important but often overlooked form of public finance that can change the political calculus of government fiscal choices.

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