Capitalism Forever?

Michael Perelman michael at ecst.csuchico.edu
Mon Feb 25 08:51:30 PST 2002


Are aggregate numbers all that informative in estimating generosity? Would cutting welfare and building prisons instead constitute a change in generosity?

On Sun, Feb 24, 2002 at 07:28:33PM -0800, Brad DeLong wrote:
>
> And there is a certain... bizarreness... in the belief that social
> provisions became less "generous" after 1973... The average OECD
> government collected 30% of GDP in taxes in 1965 and spent about 7%
> of that on the military, leaving government civilian spending at 23%
> of GDP. The average OECD government collects about 43% of GDP in
> taxes today, and spends about 3% of that on the military.
>
> There have been important changes in surveillance by the state, in
> the generational distribution of benefit programs, in economic
> regulation, and other areas. But the fact that the typical OECD
> government spent 23% of GDP on domestic programs in 1965 and 40%
> today should not be forgotten.
>
>
> Brad DeLong
>
>
>

-- Michael Perelman Economics Department California State University Chico, CA 95929

Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu



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