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Article Dans Une Revue New Perspectives on Political Economy Année : 2012

On Government In vestment and Consumption

Résumé

This paper critically evaluates the argument that all government spending is, from the perspective of economic theory, simply consumption spending. The argument is questionablebecause it assumes that for investment to be meaningful, it must be directed toward consumer satisfaction, where “consumers” are a group mutually exclusive from government officials. Further, it assumes that government officials can be neither future- or consumeroriented in their behavior. Related to these points, the argument also contains terminology structured so as to rule out objections simply by definition. In addition, the consumptiontheory of government spending also potentially incorporates hidden value judgments. Finally, the argument actually overlooks important facts about government production which would otherwise go unnoticed.

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Dates et versions

hal-03068200 , version 1 (15-12-2020)

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  • HAL Id : hal-03068200 , version 1
  • OKINA : ua1006

Citer

Matthew Mccaffrey. On Government In vestment and Consumption. New Perspectives on Political Economy, 2012, 7 (2), pp.163 - 176. ⟨hal-03068200⟩
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