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Debt, Democracy and the Welfare State

Are Modern Democracies Living on Borrowed Time and Money?

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  • © 2015

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Table of contents (8 chapters)

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About this book

Why is it that government debt in the developed world has risen to world war proportions in a time of peace? This can largely be attributed to governments maintaining welfare expenditures beyond what tax revenues allow. But will these governments refrain from doing what is necessary for economic growth for fear of losing their electorate?

Authors and Affiliations

  • Norwegian School of Economics, Norway

    Rögnvaldur Hannesson

About the author

Rögnvaldur Hannesson is Professor Emeritus of Economics at the Norwegian School of Economics, Bergen. He has published over 100 articles in professional journals, as well as several books, including Ecofundamentalism: A critique of Extreme Environmentalism, The Privatization of the Oceans, and Investing for Sustainability: The Management of Mineral Wealth.

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