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Fiscal Policy in Focus: Responsibilities and Limitations of Governments book cover

1st Edition

Fiscal Policy in Focus Responsibilities and Limitations of Governments

By Soumyen Sikdar Copyright 2025
116 Pages 3 B/W Illustrations
by Routledge

116 Pages 3 B/W Illustrations
by Routledge
Also available as eBook on:
The majority of economists today are opposed to allowing governments a significant role in economic affairs. In particular, demand management and redistributive policies are frowned upon, and supply-side policies (that concentrate on enhancing the profitability of business operations) are advocated as the only legitimate channels of government action. The possibility of ‘government failure’ in... Read more

1. Some Important Definitions and Two Divergent Views  2. Role of the State, Notion of Efficiency, Types of Economic Policy  3. How Fiscal Policy Works  4. Market Failure and Government Failure  5. Size of the Public Sector, Costs of Taxation  6. Fiscal policy in a Globalized World  7. Closer look at Public Debt  8. Government Actions for Sustainable Long Run Growth  9. Conclusion

Biography

Soumyen Sikdar retired as Professor of Economics at the Indian Institute of Management Calcutta, India. He has also taught at Calcutta University, Burdwan University and Presidency University, India. As Faculty/Researcher, he has visited the Indira Gandhi Institute of Development Research (India), Osaka University (Japan) and Aarhus University (Denmark). His research interests include macroeconomics of open economies, India and globalisation and public policy.

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