Wagner's Law

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High Quality Content by WIKIPEDIA articles! Wagner's law is named after the German economist Adolph Wagner (1835-1917). Wagner's law predicts that the development of an industrial economy will be accompanied by an increased share of public expenditure in gross national product."The advent of modern industrial socieity will result in increasing political pressure for social progress and increased allowance for social consideration by industry."Wagner's Law suggests that a welfare state evolves from free market capitalism due to the population voting themselves ever-increasing social services. Neo-Keynesians and socialists often urge governments to emulate modern welfare states like Sweden.

Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786131007231
    • Editor Lambert M. Surhone, Miriam T. Timpledon, Susan F. Marseken
    • EAN 9786131007231
    • Format Fachbuch
    • Titel Wagner's Law
    • Herausgeber Betascript Publishing
    • Anzahl Seiten 120
    • Genre Wirtschaft

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