Growing Public examines the question of whether social policies that redistribute income impose constraints on economic growth. Taxes and transfers have been debated for centuries, but only now can we get a clear view of the whole evolution of social spending. Lindert argues that, contrary to the intuition of many economists and the ideology of many politicians, social spending has contributed to, rather than inhibited, economic growth.
The traditionally, and wrongly, imagined vulnerabilities of the welfare state are economic. The true threats are demographic and political. The most frequently imagined threat is that the welfare state package reduces the level and growth of GDP. It does not, according to broad historical patterns and non-experimental panel econometrics. Large-budget welfare states achieve a host of social improvements without any clear loss of GDP. This Element elaborates on how this 'free lunch' is gained in practice. Other threats to the welfare state are more real, however. One is the rise of anti-immigrant backlash. If combined with heavy refugee inflows, this could destroy future public support for universalist welfare state programs, even though they seem to remain economically sound. The other is that population aging poses a serious problem for financing old age. Pension deficits threaten to crowd out more productive social spending. Only a few countries have faced this issue well.
A book that rewrites the history of American prosperity and inequality Unequal Gains offers a radically new understanding of the economic evolution of the United States, providing a complete picture of the uneven progress of America from colonial times to today. While other economic historians base their accounts on American wealth, Peter Lindert and Jeffrey Williamson focus instead on income—and the result is a bold reassessment of the American economic experience. America has been exceptional in its rising inequality after an egalitarian start, but not in its long-run growth. America had already achieved world income leadership by 1700, not just in the twentieth century as is commonly thought. Long before independence, American colonists enjoyed higher living standards than Britain—and America's income advantage today is no greater than it was three hundred years ago. But that advantage was lost during the Revolution, lost again during the Civil War, and lost a third time during the Great Depression, though it was regained after each crisis. In addition, Lindert and Williamson show how income inequality among Americans rose steeply in two great waves—from 1774 to 1860 and from the 1970s to today—rising more than in any other wealthy nation in the world. Unequal Gains also demonstrates how the widening income gaps have always touched every social group, from the richest to the poorest. The book sheds critical light on the forces that shaped American income history, and situates that history in a broad global context. Economic writing at its most stimulating, Unequal Gains provides a vitally needed perspective on who has benefited most from American growth, and why.
Scholars have charged population growth with lowering aggregate income per capita, depleting natural resources, reducing the quality of the environment, and causing more unequal distribution of income. Maintaining that the order of these concerns should be reversed, Peter H. Lindert emphasizes the tendency of higher fertility and population growth to heighten economic inequalities. His analysis also improves our knowledge of the ways in which economic developments affect fertility. The author develops an integrated model of fertility behavior featuring an original way of defining and measuring the relative cost of an extra child. U.S. fertility patterns in the twentieth century, he shows, are partially explained by the interplay of a model of intergenerational taste formation and fluctuation in relative child costs. His reinterpretation of patterns in the inequality of schooling and income in America highlights the role of fertility and other demographic forces. From the author's analysis it appears that concern over rapid population growth is more justified on income-distribution grounds than on grounds of effects on average per capita income. In showing that this is so, Professor Lindert describes how families' use of time has changed since the late nineteenth century. Originally published in 1978. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Growing Public examines the question of whether social policies that redistribute income impose constraints on economic growth. What kept prospering nations from using taxes for social programs until the end of the nineteenth century? Why did taxes and spending then grow so much, and what are the prospects for social spending in this century? Why did North America become a leader in public education in some ways and not others? Lindert finds answers in the economic history and logic of political voice, population ageing, and income growth. Contrary to traditional beliefs, the net national costs of government social programs are virtually zero. This book not only shows that no Darwinian mechanism has punished the welfare states, but uses history to explain why this surprising result makes sense. Contrary to the intuition of many economists and the ideology of many politicians, social spending has contributed to, rather than inhibited, economic growth.
Peter Lindert evaluates environmental concerns about soil degradation in two very large countries—China and Indonesia—where anecdotal evidence has suggested serious problems. In this book Peter Lindert evaluates environmental concerns about soil degradation in two very large countries—China and Indonesia—where anecdotal evidence has suggested serious problems. Lindert does what no scholar before him has done: using new archival data sets, he measures changes in soil productivity over long enough periods of time to reveal the influence of human activity. China and Indonesia are good test cases because of their geography and history. China has been at the center of global concerns about desertification and water erosion, which it may have accelerated with intense agriculture. Most of Indonesia's lands were created by volcanoes and erosion, and its rapid deforestation and shifting slash-burn agriculture have been singled out for international censure. Lindert's investigation suggests that human mismanagement is not on average worsening the soil quality in China and Indonesia. Human cultivation lowers soil nitrogen and organic matter, but has offsetting positive effects. Economic development and rising incomes may even lead to better soil. Beyond the importance of Lindert's immediate findings, this book opens a new area of study—quantitative soil history—and raises the standard for debating soil trends.
In this book Peter Lindert evaluates environmental concerns about soil degradation in two very large countries—China and Indonesia—where anecdotal evidence has suggested serious problems. Lindert does what no scholar before him has done: using new archival data sets, he measures changes in soil productivity over long enough periods of time to reveal the influence of human activity. China and Indonesia are good test cases because of their geography and history. China has been at the center of global concerns about desertification and water erosion, which it may have accelerated with intense agriculture. Most of Indonesia¹s lands were created by volcanoes and erosion, and its rapid deforestation and shifting slash-burn agriculture have been singled out for international censure. Lindert's investigation suggests that human mismanagement is not on average worsening the soil quality in China and Indonesia. Human cultivation lowers soil nitrogen and organic matter, but has offsetting positive effects. Economic development and rising incomes may even lead to better soil. Beyond the importance of Lindert's immediate findings, this book opens a new area of study—quantitative soil history—and raises the standard for debating soil trends.
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