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Kniha Spending Without Taxation Gene Park

Spending Without Taxation

FILP and the Politics of Public Finance in Japan

Autor: Gene Park
Jazyk: Angličtina
Väzba: Pevná
Vydavateľ: Stanford University Press
Dostupnosť: Skladom u dodávateľa
Odosielame za 14-21 dní
72.01 €
Governments confront difficult political choices when they must determine how to balance their spend...

Informácie o knihe

Autor
Gene Park
Jazyk
Angličtina
Väzba
Kniha - Pevná
Vydalo
2011
Stránok
337
EAN
9780804773300
ISBN
0804773300
Enbook ID
04719020
Vydavateľ
Stanford University Press
Hmotnosť
590
Rozmery
152 x 229 x 28

Kompletný popis

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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