A Modern Guide to State Intervention
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A Modern Guide to State Intervention

Economic Policies for Growth and Sustainability

Edited by Nikolaos Karagiannis and John E. King

A Modern Guide to State Intervention investigates the impact of the changing role of the state, offering an alternative political economy for the third decade of the twenty-first century. Building on important factors including history, the role of institutions, society and economic structures, this Modern Guide considers economic and administrative interventions towards changing the destabilized status quo of modern societies.
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Chapter 3: The fiscal responsibilities of government

Malcolm Sawyer

Abstract

Sawyer focuses on the fiscal responsibilities of governments and the nature of the objectives to be achieved through fiscal policies, examines the nature of the government budget position (deficit or surplus), and considers the difficulties and constraints of using budget position to achieve full employment. However, government spending has to be financed in the sense of the agency undertaking the expenditure being in prior possession of purchasing power.

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