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- Wagner's_law abstract "Wagner's law, also known as the law of increasing state spending, is a principle named after the German economist Adolph Wagner (1835–1917). He first observed it for his own country and then for other countries. For any country the public expenditure rises constantly. It shows an upward sloping trend. The law predicts that the development of an industrial economy will be accompanied by an increased share of public expenditure in gross national product:Wagner's law suggests that a welfare state evolves from free market capitalism due to the population voting for ever-increasing social services. Neo-Keynesians and socialists often urge governments to emulate modern welfare states like Sweden. In spite of some ambiguity, Wagner's statement in formal terms has been interpreted by Richard Musgrave as follows: As progressive nations industrialize, the share of the public sector in the national economy grows continually. The increase in State Expenditure is needed because of three main reasons. Wagner himself identified these as (i) social activities of the state, (ii) administrative and protective actions, and (iii) welfare functions. The material below is an apparently much more generous interpretation of Wagner's original premise. Socio-political, i.e., the state social functions expand over time: retirement insurance, natural disaster aid (either internal or external), environmental protection programs, etc. Economic: science and technology advance, consequently there is an increase of state assignments into the sciences, technology and various investment projects, etc. Historical: the state resorts to government loans for covering contingencies, and thus the sum of government debt and interest amount grow; i.e., it is an increase in debt service expenditure.".
- Wagner's_law thumbnail Peacock-Wiseman_Hypothesis.jpg?width=300.
- Wagner's_law wikiPageID "3686788".
- Wagner's_law wikiPageRevisionID "568655188".
- Wagner's_law hasPhotoCollection Wagner's_law.
- Wagner's_law subject Category:Fiscal_policy.
- Wagner's_law subject Category:National_accounts.
- Wagner's_law subject Category:Public_finance.
- Wagner's_law subject Category:Welfare_state.
- Wagner's_law type Abstraction100002137.
- Wagner's_law type Communication100033020.
- Wagner's_law type Evidence106643408.
- Wagner's_law type History106514093.
- Wagner's_law type Indication106797169.
- Wagner's_law type NationalAccounts.
- Wagner's_law type Record106647206.
- Wagner's_law comment "Wagner's law, also known as the law of increasing state spending, is a principle named after the German economist Adolph Wagner (1835–1917). He first observed it for his own country and then for other countries. For any country the public expenditure rises constantly. It shows an upward sloping trend.".
- Wagner's_law label "Legge di Wagner".
- Wagner's_law label "Loi de Wagner (économie)".
- Wagner's_law label "Prawo Wagnera".
- Wagner's_law label "Wagner's law".
- Wagner's_law label "Wagnersches Gesetz".
- Wagner's_law label "華格納法則".
- Wagner's_law sameAs Wagnersches_Gesetz.
- Wagner's_law sameAs Loi_de_Wagner_(économie).
- Wagner's_law sameAs Legge_di_Wagner.
- Wagner's_law sameAs Prawo_Wagnera.
- Wagner's_law sameAs m.09vftb.
- Wagner's_law sameAs Q362956.
- Wagner's_law sameAs Q362956.
- Wagner's_law sameAs Wagner's_law.
- Wagner's_law wasDerivedFrom Wagner's_law?oldid=568655188.
- Wagner's_law depiction Peacock-Wiseman_Hypothesis.jpg.
- Wagner's_law isPrimaryTopicOf Wagner's_law.