Debt, Democracy and the Welfare State: Are Modern Democracies Living on Borrowed Time and Money?

1. The Rising Tide of Debt
Rögnvaldur Hannesson

2. Why Has Government Debt Increased?
Rögnvaldur Hannesson

3. The Cost Disease of Public Services
Rögnvaldur Hannesson

4. The Welfare State: Insurance or Redistribution?
Rögnvaldur Hannesson

5. Democracy and Enlightened Authoritarianism
Rögnvaldur Hannesson

6. The European Union: A Viable Colossus?
Rögnvaldur Hannesson

7. How Sweden Got Out of the Debt Trap
Rögnvaldur Hannesson

8. Conclusion
Rögnvaldur Hannesson

Keywords: Economics, Economic Policy, Public Economics, Macroeconomics/Monetary Economics//Financial Economics, Democracy, Politics of the Welfare State, Social Choice/Welfare Economics/Public Choice