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This book examines public debt hoarding within the Euro Area, which is one of the most complicated challenges regarding modern fiscal policy-making. The author offers an up-to-date analysis of the fiscal situations of Italy, Spain, Portugal, and Greece. The book describes key mechanisms of debt transmission, discusses the potential establishment of fiscal and debt union in the EU, identifies numerous implications, and connects the fiscal positions of the examined countries with the structural flaws of the Euro Area and the monetary policy of the European Central Bank. Moreover, the work presents an estimation of structural budget balances, including a comparison with the estimates of major international institutions such as the IMF, OECD, and European Commission. A separate chapter is devoted to analysing the fiscal policy determinants, using time series since the late 19th century, and the issue of fiscal policy efficiency. Finally, the work provides an overview of debt resolution options. Overall, this book offers eight core chapters intended for the public, professional economists, and policymakers.

Macroeconomics --- Public finance --- Finance --- Economic policy and planning (general) --- Public economics --- financieel management --- economie --- macro-economie --- sociale interventies --- Europe --- Finance. --- Europe—Economic conditions. --- Macroeconomics. --- Finance, Public. --- Financial Economics. --- European Economics. --- Macroeconomics and Monetary Economics. --- Public Economics. --- Economics --- Finance, Public --- Business & Economics --- Monetary policy --- Debts, Public

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Tijs Laenen has written an insightful and important book that not only tells the reader what to make of popular support for basic income, but also how it affects the prospect of basic income becoming policy reality in our near future. A must-read for anyone taking basic income seriously! Jurgen De Wispelaere, Assistant Professor, Stockholm School of Economics, Riga (Latvia) & Adjunct Professor, Faculty of Social Sciences, Tampere University (Finland) Tijs Laenen, himself an expert in the design and conduct of opinion polls, offers us an invaluable overview of the popularity of basic income across the developed world. His book is an indispensable tool for those who have an interest in the future of basic income and, more generally, in the feasibility of social protection reforms. Yannick Vanderborght, Professor of Political Science at Université Saint-Louis - Bruxelles (Belgium) This book provides a state-of-the-art overview of the popularity of basic income among the general public. Using data from a wide array of public opinion polls conducted in different countries and years, the book first charts popular support for the ideal-typical version of basic income, broadly defined as a "periodic cash payment unconditionally delivered to all on an individual basis, without means-test or work requirement”. On top of that, the book maps popular support for the many other, differently designed varieties of basic income that are part of real-world proposals, pilots, and experiments – including, for example, a participation income, a negative income tax, and a stakeholder grant. By investigating how and why support for different types of basic income varies across countries, evolves over time, and differs between individuals with different characteristics, this book offers crucial information about the political constituencies that can be mobilized in favor of (or against) the introduction of basic income, thereby contributing to our knowledge on the political feasibility of basic income. Tijs Laenen is a Postdoctoral Researcher at the School of Social and Behavioral Sciences of Tilburg University, the Netherlands, where he holds a Marie Sklodowska-Curie Individual Fellowship, and at the Centre for Sociological Research of KU Leuven, Belgium, where he is coordinator of the “Basic Income in Belgium" project.

Politics --- Public finance --- Economic policy and planning (general) --- Public economics --- Economics --- economie --- economische politiek --- politiek --- sociale interventies --- Economic policy. --- Economics. --- Finance, Public. --- Economic Policy. --- Political Economy and Economic Systems. --- Public Economics. --- Basic income

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This book takes as a starting point that welfare states in developed societies do not provide systems of social insurance against the risk of an early death. In contrast to the way in which economically developed countries provide ways of insuring citizens against other possibilities, such as unemployment and disease, no such social insurance mechanism exists for early death. It aims to demonstrate that, despite the impossibility to compensate the victims of a short life once they are identified, and despite the impossibility to identify the persons who will be short-lived (when they are still alive), it is nonetheless possible to construct a social insurance against the risk of a short life by means of age-based statistical discrimination favouring all young persons. Combining philosophical literature with economic analysis, the book re-examines the ethical foundations of social insurance, and proposes a major reform of the welfare state: the construction of a social insurance against a short life. It shows how such an insurance system could be constructed by partially ‘reversing’ existing pension systems, by offering a period of retirement to all young adults before they start their career. Such a ‘reversed’ pension system would allocate more free time and opportunities to younger members of society before they enter the labour market, and, hence, this system would also improve the lives of the – unidentified – young persons who will turn out to die prematurely. The book discusses the social desirability of this new system, as well as its financial feasibility and societal consequences, examining how pension allowances paid to young adults may be financed by the work of senior workers. As such, this book demonstrates how the universal uncertainty about the duration of life can be reconciled with the idea of social justice. With an accessible and interdisciplinary approach, this book will be of interest to academics working in a range of fields, including economics, public finance, social insurance, the economics of ageing and the welfare state, economic ethics and political philosophy. Gregory Ponthiere is a Professor of Economics and Philosophy at the Université catholique de Louvain, Hoover Chair in Economic and Social Ethics. .

Labour economics --- Public finance --- Public economics --- Economics --- Hygiene. Public health. Protection --- economie --- gezondheidseconomie --- arbeid --- sociale interventies --- overheidsfinanciën --- Finance, Public. --- Labor economics. --- Population—Economic aspects. --- Medical economics. --- Public Finance. --- Public Economics. --- Labor and Population Economics. --- Health Economics.

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Financial capitalism emerged in a recognisably modern form in late seventeenth- and eighteenth-century Great Britain. Following the seminal work of Douglass C. North and Barry R. Weingast (1989), many scholars have concluded that the 'credible commitment' that was provided by parliamentary backing of government as a result of the Glorious Revolution of 1688 provided the key institutional underpinning on which modern public finances depend. In this book, a specially commissioned group of historians and economists examine and challenge the North and Weingast thesis to show that multiple commitment mechanisms were necessary to convince public creditors that sovereign debt constituted a relatively accessible, safe and liquid investment vehicle. Questioning Credible Commitment provides academics and practitioners with a broader understanding of the origins of financial capitalism, and, with its focus on theoretical and policy frameworks, shows the significance of the debate to current macroeconomic policy making.

Finance, Public --- Capital --- Credit --- History. --- Europe --- Economic policy. --- Borrowing --- Finance --- Money --- Loans --- Capital assets --- Fixed assets --- Economics --- Capitalism --- Infrastructure (Economics) --- Wealth --- Cameralistics --- Public finance --- Currency question --- Business, Economy and Management --- Public finances --- History --- E-books --- World history --- anno 1500-1799 --- anno 1800-1899

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Classical liberalism has typically sought to maintain as much room as possible for the exercise of personal initiative in the face of the encroachment of states. This book explores these questions of coercion and authority in the context of the size and scope of the state and argues that the state and its agents should be held to the same moral rules as are the individuals it rules over. The book considers how a distinct feature of the state is its police or coercive power, about which one may ask how the state acquires it and what if anything would justify its use. It considers the implication that there is nothing inherent about state agents that entitles one to behave in ways that we would not accept from a private actor, and how once that argument is made, the state’s claim to authority is weakened. The author also discusses the extent to which democracy has been thought to provide any sort of justification for coercion or authority. This book will be of interest to academics and students of political philosophy, especially classical liberalism, and legal philosophy. Grahame Booker is an independent researcher. He completed his PhD at the University of Waterloo, Canada and was Adjunct Assistant Professor in Political Philosophy. He has published in the International Journal of Prices and Markets and been a reviewer for the Canadian Journal of Philosophy and the Journal of Libertarian Studies.

Political philosophy. Social philosophy --- Politics --- Public finance --- Public economics --- Economics --- Commercial law. Economic law (general) --- economie --- politiek --- politieke filosofie --- economisch recht --- sociale interventies --- Economics. --- Finance, Public. --- Political science. --- Political science --- Law and economics. --- Public Economics. --- Political Theory. --- Political Philosophy. --- Law and Economics. --- Philosophy.