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- Q362956 subject Q6158514.
- Q362956 subject Q6453410.
- Q362956 subject Q6645289.
- Q362956 subject Q7014630.
- Q362956 subject Q8398652.
- Q362956 abstract "Wagner's law, 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.".
- Q362956 thumbnail Peacock-Wiseman_Hypothesis.jpg?width=300.
- Q362956 wikiPageWikiLink Q12695.
- Q362956 wikiPageWikiLink Q1460420.
- Q362956 wikiPageWikiLink Q182859.
- Q362956 wikiPageWikiLink Q188094.
- Q362956 wikiPageWikiLink Q192451.
- Q362956 wikiPageWikiLink Q1929688.
- Q362956 wikiPageWikiLink Q2269.
- Q362956 wikiPageWikiLink Q34.
- Q362956 wikiPageWikiLink Q43183.
- Q362956 wikiPageWikiLink Q58845.
- Q362956 wikiPageWikiLink Q6158514.
- Q362956 wikiPageWikiLink Q6206.
- Q362956 wikiPageWikiLink Q6453410.
- Q362956 wikiPageWikiLink Q6645289.
- Q362956 wikiPageWikiLink Q68183.
- Q362956 wikiPageWikiLink Q7014630.
- Q362956 wikiPageWikiLink Q8398652.
- Q362956 comment "Wagner's law, 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.".
- Q362956 label "Wagner's law".
- Q362956 depiction Peacock-Wiseman_Hypothesis.jpg.