In praise of wasteful spending

DOI10.1016/J.ECONLET.2014.05.023MaRDI QIDQ485725zbMATH OpenOpenAlexFDO

Authors Steven E. Landsburg

Publication date 14 January 2015

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2014.05.023

zbMATH Keywords

fiscal policyoptimal taxationwelfare

Mathematics Subject Classification ID

Welfare economics (91B15) Macroeconomic theory (monetary models, models of taxation) (91B64)

Recommendations

• Implications of productive government spending for fiscal policy
• Welfare-reducing growth despite individual and government optimization
• Optimal fiscal policy with heterogeneous agents
• Public spending and optimal taxes without commitment
• The dynamically extended Keynesian cross and the welfare-improving fiscal policy

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