A u-turn on the road to serfdom : prospects for reducing the size of the state / Grover Norquist ; with contributions by Nima Sanandaji, Matthew Sinclair, David B. Smith.

Format:

Book

Author/Creator:

Norquist, Grover, author.

Contributor:

Sanandaji, Nima, contributor.

Sinclair, Matthew, contributor.

Smith, David B., contributor.

Language:

English

Subjects (All):

Government spending policy.

Finance, Public.

Economic policy.

United States--Economic policy--21st century.

United States.

Great Britain--Economic policy--21st century.

Great Britain.

Europe--Economic policy--21st century.

Europe.

Physical Description:

1 online resource (138 pages) : illustrations, tables

Edition:

1st ed.

Place of Publication:

London, [England] : The Institute of Economic Affairs, 2014.

Summary:

This book suggests that drastic reforms are required to reverse the ever-increasing size of the state, a trend experienced in most western nations. The report proposes a reassessment of the scale of government to achieve a reduction in taxation and spending.

Contents:

Intro

_GoBack

Table 1 Ratios of general government expenditure, including transfers, to money GDP at market prices (%)

Table 2 March 2013 budget forecasts for UK public spending by function and government receipts in 2013-14

Table 3 Estimated effects on economic growth of increased public spending between 1960 and 2013

Figure 1 Ratios of UK general government expenditure and residual private sector to UK GDP measured at factor cost 1870-2012

Figure 2 Effect of tax-financed public spending increase in post-neoclassical endogenous growth model

Figure 3 UK real non-oil GDP 1997 Q1 to 2013 Q3 seems to reveal a supply withdrawal in practice

Figure 4 OECD real GDP 1997 Q1 to 2013 Q2 also seems to reveal a supply withdrawal

The authors

Foreword

Acknowledgements

Summary

Tables and figures

A U-turn on the road to serfdom: prospects for reducing the size of the state

Grover Norquist

The 'leave us alone' coalition

Conflict among the opponents of liberty: the 'takings coalition'

Pledging not to increase taxes

Reducing spending

The Ryan budget

The role of inter-state competition in widening the 'leave us alone' coalition

Changing the demographics

Conclusion

Questions and discussion

The modern Leviathan state, its growth and consequences

David B. Smith

Where does the money go?

The impact of tax and spending on growth

Competing theories of economic growth

Impact of government spending and taxation on growth: evidence from econometric models

Fiscal stabilisation literature

References

Taxpayers for fiscal decentralisation

Matthew Sinclair

Fiscal decentralisation leads to better results for taxpayers

Decentralisation and competition in practice

Fiscal decentralisation delivers smaller and more efficient government.

Fiscal decentralisation delivers stronger economic growth

Fiscal decentralisation can be delivered in the United Kingdom

Tax raising options for decentralised local government

Fostering a European 'leave us alone' coalition

Nima Sanandaji

Special interests and public sector expansion

The case of the French farmers

Public bureaucrats as a special interest

That which is seen, and that which is not seen

Shifting towards small government

Voice, exit and loyalty

Challenging the government monopoly in the provision of welfare services

The Pysslingen revolution

Steps towards more use of markets in welfare

Privatising pensions

'Workfare' not welfare

Making taxes visible

References.

Notes:

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed April 16, 2015).

ISBN:

9780255366694

0255366698

OCLC:

907022880