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Political Economy: Introduction

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journal contribution
posted on 1982-08-01, 00:00 authored by Allan MeltzerAllan Meltzer, Alex Cukierman, Scott F. Richard

In all democratic, market economies the size of government increased in the years after World War II. This conclusion holds for most broad measures of size such as tax collections or spending as a share of total output or government employment as a share of total employment. One of the main tasks of political economy is to explain why this is so.




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