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Rich DemocraciesPolitical Economy, Public Policy, and Performance$
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Harold Wilensky

Print publication date: 2002

Print ISBN-13: 9780520231764

Published to California Scholarship Online: March 2012

DOI: 10.1525/california/9780520231764.001.0001

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Types Of Political Economy, Spending, Taxing, And Economic Performance

Types Of Political Economy, Spending, Taxing, And Economic Performance

(p.430) 12 Types Of Political Economy, Spending, Taxing, And Economic Performance
Rich Democracies


University of California Press

This chapter evaluates the influence of political economy, government spending, and taxation on economic performance. It examines whether the expanding welfare state and the continuing push for equality and job security are barriers to good economic performance. It argues that the trade-offs between job protection, social security, equality, and participatory democracy on the one hand, and worker productivity, economic growth, and other measures of economic performance, on the other hand, are not so stark as suggested in the burgeoning literature on policy analysis.

Keywords:   economic performance, political economy, government spending, taxation, welfare state, equality, job security, social security, participatory democracy, worker productivity

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