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The term "public sociology" was first introduced by Herbert Gans in his 1988 ASA presidential address, "Sociology in America: The Discipline and the Public". [5] For Gans, primary examples of public sociologists included David Riesman, author of The Lonely Crowd (one of the best-selling books of sociology ever to be written), and Robert Bellah, the lead author of another best-selling work ...
Public expenditure is spending made by the government of a country on collective or individual needs and wants of public goods and public services, such as pension, healthcare, security, education subsidies, emergency services, infrastructure, etc. [6] Until the 19th century, public expenditure was limited due to laissez faire philosophies.
Public budgeting is a field of public administration and a discipline in the academic study of public administration. Budgeting is characterized by its approaches, functions, formation, and type. Budgeting is characterized by its approaches, functions, formation, and type.
Resource generation, resource allocation, and expenditure management (resource utilization) are the essential components of a public financial management system. The following subdivisions form the subject matter of public finance.
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 .
National defense spending is any government spending attributable to the maintenance and strengthening of the United States Armed Forces, including the Army, Navy, Marines, and the Air Force. [14] As of the fiscal year 2019 budget approved by Congress, national defense is the largest discretionary expenditure in the federal budget . [ 13 ]
The nuance of the economic logic of Keynesianism is, however, difficult to put across to the American Public, and compares poorly to the simplistic message which blames government spending, which might explain Obama's preferred position of a halfway point between economic stimulus followed by austerity, which led to him being criticized by ...
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