The Fiscal Crisis of the State: The Contribution of James O’Connor
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The Fiscal Crisis of the State by James O’Connor was published in 1973. Yet the book has a direct relevance for understanding social policy today. By 1993 the British budget deficit had reached £50 billion, or about £1000 government borrowing for each person in Britain. Substantial tax increases and spending cuts were announced to help bridge this fiscal gap. Understanding the fiscal crisis of the state remains of first-rank importance to all students of social policy.2
KeywordsWelfare State National Health Insurance Scheme Global Capital State Expenditure Social Consumption
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