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The free-lunch puzzle: hard times for critics of social spending

Lindert, Peter H. (2021) The free-lunch puzzle: hard times for critics of social spending. LSE Business Review (04 May 2021). Blog Entry.

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Abstract

From the US to Britain and across the European Union, governments have been ramping up public spending to deal with the consequences of the COVID-19 pandemic. For a long time, common wisdom dictated that social spending drags down the growth and level of GDP. Peter H. Lindert says that history shows otherwise. He writes that over the past 140 years larger social-spending budgets have not accompanied any net loss of GDP, skills, or work.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/businessreview/
Additional Information: © 2021 The Author
Divisions: LSE
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HJ Public Finance
Date Deposited: 23 Jul 2021 08:57
Last Modified: 02 Sep 2021 23:05
URI: http://eprints.lse.ac.uk/id/eprint/111276

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