Spending Without Taxation: Filp and the Politics of Public Finance in Japan (Hardback)

Gene Park

Edité par Stanford University Press, 2011
ISBN 10: 0804773300 / ISBN 13: 9780804773300
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Language: English . Brand New Book. Governments confront difficult political choices when they must determine how to balance their spending. But what would happen if a government found a means of spending without taxation? In this book, Gene Park demonstrates how the Japanese government established and mobilized an enormous off-budget spending system, the Fiscal Investment Loan Program (FILP), which drew on postal savings, public pensions, and other funds to pay for its priorities and reduce demands on the budget. Park s book argues that this system underwrote a distinctive postwar political bargain, one that eschewed the rise of the welfare state and Keynesianism, but that also came with long-term political and economic costs that continue to this day. By drawing attention to FILP, this study resolves key debates in Japanese politics and also makes a larger point about public finance, demonstrating that governments can finance their activities not only through taxes but also through financial mechanisms to allocate credit and investment. Such policy finance is an important but often overlooked form of public finance that can change the political calculus of government fiscal choices. N° de réf. du libraire

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Synopsis : Governments confront difficult political choices when they must determine how to balance their spending. But what would happen if a government found a means of spending without taxation? In this book, Gene Park demonstrates how the Japanese government established and mobilized an enormous off-budget spending system, the Fiscal Investment Loan Program (FILP), which drew on postal savings, public pensions, and other funds to pay for its priorities and reduce demands on the budget.
Park's book argues that this system underwrote a distinctive postwar political bargain, one that eschewed the rise of the welfare state and Keynesianism, but that also came with long-term political and economic costs that continue to this day. By drawing attention to FILP, this study resolves key debates in Japanese politics and also makes a larger point about public finance, demonstrating that governments can finance their activities not only through taxes but also through financial mechanisms to allocate credit and investment. Such "policy finance" is an important but often overlooked form of public finance that can change the political calculus of government fiscal choices.

About the Author: Gene Park is an assistant professor in the Department of Political Science at Baruch College. He has also been a Shorenstein Fellow at Stanford University's Asia-Pacific Research Center (APARC), and a Visiting Scholar at the Japanese Ministry of Finance's Policy Research Institute. He was also the receipient of a Fulbright IIE fellowship. He has a Ph.D. in Political Science for the University of California, Berkeley.

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Titre : Spending Without Taxation: Filp and the ...
Éditeur : Stanford University Press
Date d'édition : 2011
Reliure : Hardback
Etat du livre : New

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Gene Park
Edité par Stanford University Press (2011)
ISBN 10 : 0804773300 ISBN 13 : 9780804773300
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Description du livre Stanford University Press, 2011. État : Fair. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In fair condition, suitable as a study copy. Dust Jacket in fair condition. , 700grams, ISBN:9780804773300. N° de réf. du libraire 6396207

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Description du livre Stanford University Press. Hardback. État : new. BRAND NEW, Spending without Taxation: Filp and the Politics of Public Finance in Japan, Gene Park, Governments confront difficult political choices when they must determine how to balance their spending. But what would happen if a government found a means of spending without taxation? In this book, Gene Park demonstrates how the Japanese government established and mobilized an enormous off-budget spending system, the Fiscal Investment Loan Program (FILP), which drew on postal savings, public pensions, and other funds to pay for its priorities and reduce demands on the budget. Park's book argues that this system underwrote a distinctive postwar political bargain, one that eschewed the rise of the welfare state and Keynesianism, but that also came with long-term political and economic costs that continue to this day. By drawing attention to FILP, this study resolves key debates in Japanese politics and also makes a larger point about public finance, demonstrating that governments can finance their activities not only through taxes but also through financial mechanisms to allocate credit and investment. Such "policy finance" is an important but often overlooked form of public finance that can change the political calculus of government fiscal choices. N° de réf. du libraire B9780804773300

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Description du livre Stanford University Press, United States, 2011. Hardback. État : New. Language: English . Brand New Book. Governments confront difficult political choices when they must determine how to balance their spending. But what would happen if a government found a means of spending without taxation? In this book, Gene Park demonstrates how the Japanese government established and mobilized an enormous off-budget spending system, the Fiscal Investment Loan Program (FILP), which drew on postal savings, public pensions, and other funds to pay for its priorities and reduce demands on the budget.Park s book argues that this system underwrote a distinctive postwar political bargain, one that eschewed the rise of the welfare state and Keynesianism, but that also came with long-term political and economic costs that continue to this day. By drawing attention to FILP, this study resolves key debates in Japanese politics and also makes a larger point about public finance, demonstrating that governments can finance their activities not only through taxes but also through financial mechanisms to allocate credit and investment. Such policy finance is an important but often overlooked form of public finance that can change the political calculus of government fiscal choices. N° de réf. du libraire AAJ9780804773300

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Description du livre Stanford University Press, United States, 2011. Hardback. État : New. Language: English . Brand New Book. Governments confront difficult political choices when they must determine how to balance their spending. But what would happen if a government found a means of spending without taxation? In this book, Gene Park demonstrates how the Japanese government established and mobilized an enormous off-budget spending system, the Fiscal Investment Loan Program (FILP), which drew on postal savings, public pensions, and other funds to pay for its priorities and reduce demands on the budget.Park s book argues that this system underwrote a distinctive postwar political bargain, one that eschewed the rise of the welfare state and Keynesianism, but that also came with long-term political and economic costs that continue to this day. By drawing attention to FILP, this study resolves key debates in Japanese politics and also makes a larger point about public finance, demonstrating that governments can finance their activities not only through taxes but also through financial mechanisms to allocate credit and investment. Such policy finance is an important but often overlooked form of public finance that can change the political calculus of government fiscal choices. N° de réf. du libraire AAJ9780804773300

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Description du livre Stanford University Press, Palo Alto, 2011. Hardcover. État : New. 344 pages. Hardcover with dustjacket. New book. JAPAN. Governments confront difficult political choices when they must determine how to balance their spending. But what would happen if a government found a means of spending without taxation? In this book, Gene Park demonstrates how the Japanese government established and mobilized an enormous off-budget spending system, the Fiscal Investment Loan Program (FILP), which drew on postal savings, public pensions, and other funds to pay for its priorities and reduce demands on the budget. Park's book argues that this system underwrote a distinctive postwar political bargain, one that eschewed the rise of the welfare state and Keynesianism, but that also came with long-term political and economic costs that continue to this day. By drawing attention to FILP, this study resolves key debates in Japanese politics and also makes a larger point about public finance, demonstrating that governments can finance their activities not only through taxes but also through financial mechanisms to allocate credit and investment. Such "policy finance" is an important but often overlooked form of public finance that can change the political calculus of government fiscal choices. Gene Park is an assistant professor in the Department of Political Science at Baruch College. He has also been a Shorenstein Fellow at Stanford University's Asia-Pacific Research Center (APARC), and a Visiting Scholar at the Japanese Ministry of Finance's Policy Research Institute. He was also the receipient of a Fulbright IIE fellowship. He has a Ph.D. in Political Science for the University of California, Berkeley. "Although other governments have operated systems of policy finance, none have approached the Japanese system in size or been structured to deliberately relieve pressure on the budget so that it could remain balanced and low-tax. Park lays out a compelling puzzle leading us to ask why and how the Japanese created this system, why and how it was allowed to grow to such immense size, and then why it has begun to be reformed and wound down."ÑLeonard Schoppa, University of Virginia "[P]rovides a compelling rationale for FILP's importance in Japan's postwar political economy. . . . [N]o one has brought to bear the sustained focus, historical scope, or analytical rigor that Gene Park has with this book."ÑWilliam W. Grimes, Boston University (Key Words: Business Spending, Taxation, FILP, Fiscal Investment Loan Program, Public Finance, Japan, Gene Park, Asian Studies, Political Science). Studies of the Walter H. Shorenstein Asia-Pacific. book. N° de réf. du libraire 73033X1

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