'This book could be a useful source of readings for a course on public finance, and provides well-summarised data on public expenditure for political economy and similar studies.' Mark Fabian, Economic Record
Introduction; Part I. The Growth of Government: 1. The Growth of Government Expenditure Over the Past 150 Years; 2. The Composition of Expenditure; 3. Financing Government; Part II. Value for Money: 4. Government Performance and Efficiency; 5. Reforming Public Expenditure; 6. The Optimal Size of Government; Part III. Fiscal Risks: 7. Social Expenditure and the Risk of 'Social Dominance'; 8. Fiscal–Financial Risks 1: Interest Rate, Asset Markets and Real Economy Channels; 9. Fiscal–Financial Risks 2: Bank, Shadow Bank, Central Bank and International Channels; Part IV. Remedies: 10. Rules and Institutions; 11. Conclusions and Epilogue; Table of Data Sources; Bibliography; Index.