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A government budget is prepared by the Central government or other political entity. In most parliamentary systems, the budget is presented to the legislature and often requires approval of the legislature. The government implements economic policy through this budget and realizes its program priorities. Once the budget is approved, the use of ...
The Economy Act of 1933, officially titled the Act of March 20, 1933 (ch. 3, Pub. L. 73–2, 48 Stat. 8, enacted March 20, 1933, is an Act of Congress that cut the salaries of federal workers and reduced benefit payments to veterans, moves intended to reduce the federal deficit in the United States.
The notion of economic growth having a greater influence on democracy was a very popular opinion in the 1950s. The most important work on the subject has been done by Lipset 1959, [18] where he states that economic development is one of the prerequisites for democracy. However, this is true.
Man, Economy, and State: A treatise on economic principles is a 1962 book of Austrian School economics by Murray Rothbard (orig. abridged ed.). [a] It was originally intended as a textbook form of Human Action by Ludwig von Mises, but became its own treatise after he realized original work was needed to flesh out Mises' ideas.
Public economics (or economics of the public sector) is the study of government policy through the lens of economic efficiency and equity. Public economics builds on the theory of welfare economics and is ultimately used as a tool to improve social welfare. Welfare can be defined in terms of well-being, prosperity, and overall state of being.
In economics and political science, fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach ...
Identifying a form of government is also difficult because many political systems originate as socio-economic movements and are then carried into governments by parties naming themselves after those movements; all with competing political ideologies. Experience with those movements in power, and the strong ties they may have to particular forms ...
This model of the constitutional economics is based on the understanding that it is necessary to narrow the gap between practical enforcement of the economic, social, and political rights granted by the constitution and the annual (or midterm) economic policy, budget legislation and administrative policies conducted by the government.