Government Size and Implications for Economic Growth

<p>As economists and policymakers strive to understand the causes of the global financial crisis, pinpointing the relationship between government size and economic growth is crucial. In this incisive economic study, Andreas Bergh and Magnus Henrekson find that in wealthy countries, where government size is measured as total taxes or total expenditure relative to GDP, there is a strong negative correlation between government size and economic growth-where government size increases by 10 percentage points, annual growth rates decrease by 0.5 to 1 percent. Bergh and Henrekson stress that statistical correlations, even when highly significant, are not law. Some countries with high taxes enjoy above-average growth, and some countries with small governments have stagnant economies. The Scandinavian welfare states, for example, have enjoyed steady growth over the last decade despite their large governments. However, these nations compensate for high taxes by employing market-friendly policies in other areas, such as trade openness and inflation control. Government Size and Economic Growth concludes that, in every case, economic freedom is a crucial determinant of economic growth_suggesting that government intervention in the marketplace may be the wrong approach to solving the economic crisis.</p>

Health and Wealth Disparities in the United States

Henrekson, Magnus

Bergh, Andreas

Health, Fitness & Dieting

AEI Press

Competencies and Institutions Fostering High-Growth Firms examines high-growth firms, also known as "Gazelles", which have become critical to net job creation and economic growth. It analyzes how the institutional framework - the "rules of the game" -- affects such firms, taking the theory of competence blocs as a point of departure. The three institutional categories that are key areas for the promotion of high growth firms include the tax system, the organization of labor markets and product market regulations. The authors characterize institutions as either fostering dynamic capitalism, by providing a favorable environment for the emergence of competence blocs and the generation of high growth firms or leading to "sclerotic capitalism" by failing to produce such an environment. By analyzing high growth firms through the lens of the theory of competence blocs, Competencies and Institutions Fostering High-Growth Firms offers a more holistic view of economic growth. Rapid firm growth is a complex process requiring a number of complementary competencies. This analysis suggests that the commercialization of innovations and generation of high growth firms would be greatly facilitated if more product markets are contestable and tax structures and labor market institutions are adjusted to stimulate the emergence of more effective competence blocs.

Competencies and Institutions Fostering High-Growth Firms (Foundations and Trends(r) in Entrepreneurship)

Business & Money

Johansson, Dan

Business Development & Entrepreneurship

Now Publishers

<p>A translation of the widely-read Swedish edition, this autobiography tells this story of a Hungarian teenager swept into the horrors of the Third Reich€™s death camps in Auschwitz, Mittelbau, and Belsen. In a calm, matter-of-fact tone that magnifies the nightmares endured, this life story reveals the details of the camps, including the misery and cruelties that encompassed daily life. The author€™s own visceral artwork couples with the amazing stories of luck and desperation that resulted in his and his brother€™s miraculous survival.</p>

A Teenager in Hitler's Death Camps

History

Grunfeld, Benny

Hager, Olle

World

BenBella Books

<p><p>This open access book examines the challenges and issues caused by a move to a marketized education system in Sweden. Observing the introduction of the school voucher system and a postmodern social constructivist view of knowledge, the move away from objective knowledge is identified as the core reason for Sweden's current education crisis. The impact of declining education standards on the labor market is also discussed.</p> <p>This book highlights the issues seen in Sweden and suggests policies that can improve education in the rest of the Western world as well. It will be relevant to students and researchers interested in education and labor economics.&nbsp;</p></p>

Dumbing Down: The Crisis of Quality and Equity in a Once-Great School System―and How to Reverse the Trend

Wennström, Johan

Economics

PALGRAVE~MACMILLAN

<p>Review      "This much-needed new book does a superb job of showing that the post-war, post-modern version of education has been a misfortune for Sweden and for every nation that has adopted these ideas. We now know that this anti-authoritarian “child-centered” theory has led to miseducation and severe knowledge deficits, and therefore a greater susceptibility to authoritarianism."- E.D. Hirsch, Theorist of education and professor emeritus of education and humanities, University of Virginia, author of Why Knowledge Matters "A bold, brilliant, and controversial book, blaming the decline of Swedish school on the “post-truth” social constructivism guiding Swedish school policy since the 1940´s in combination with an extreme marketization of Swedish education." - Leif Lewin, Professor of political science, Uppsala University, and in charge of the government commission investigating the transfer of school governance to the municipalities"This is the book that explains why students entering top university programs in Sweden are increasingly ignorant of fundamental facts of science, unable to construct correct sentences, and helpless in face of basic mathematical problems."- Markus Heilig, Professor of neuropsychiatry, Linköping University, author of The Thirteenth Step: Addiction in the Age of Brain Science“Henrekson and Wennström’s masterful documentation of the decline of Swedish education provides an important lesson: What ails Western education will not be solved by simply introducing market competition through charter schools or vouchers. The crux of the problem runs much deeper. It lies in foolish ideas about the nature of knowledge and truth.”―David C. Rose, Professor of economics, University of Missouri-St. Louis, andauthor of The Moral Foundation of Economic Behavior and Why CultureMatters Most      Product Description      This open access book examines the challenges and issues caused by a move to a marketized education system in Sweden. Observing the introduction of the school voucher system and a postmodern social constructivist view of knowledge, the move away from objective knowledge is identified as the core reason for Sweden’s current education crisis. The impact of declining education standards on the labor market is also discussed.This book highlights the issues seen in Sweden and suggests policies that can improve education in the rest of the Western world as well. It will be relevant to students and researchers interested in education and labor economics.       From the Back Cover      This open access book examines the challenges and issues caused by a move to a marketized education system in Sweden. Observing the introduction of the school voucher system and a postmodern social constructivist view of knowledge, the move away from objective knowledge is identified as the core reason for Sweden’s current education crisis. The impact of declining education standards on the labor market is also discussed.This book highlights the issues seen in Sweden and suggests policies that can improve education in the rest of the Western world as well. It will be relevant to students and researchers interested in education and labor economics.       About the Author      Magnus Henrekson is Professor and Senior Research Fellow at the Research Institute of Industrial Economics. He was previously Professor of Economics at the Stockholm School of Economics and president of the IFN.Johan Wennström received his Ph.D. in Political Science in 2019 and works as a Research Fellow at the Research Institute of Industrial Economics.</p>

Dumbing Down: The Crisis of Quality and Equity in a Once-Great School System—and How to Reverse the Trend

Unleashing Society’s Innovative Capacity: An Integrated Policy Framework (International Studies in Entrepreneurship, 55)

Braunerhjelm, Pontus

Springer

<p><p>This is an open access book.</p> Europe faces significant challenges in the coming decades: geopolitical, demographic, technological, increased competition, climate-related, and health issues due to an aging population, to mention a few. Given these challenges, technological progress and new ways of handling complex issues will be key to continued prosperity and growth. To accomplish a growth process driven by innovation and entrepreneurship, the institutional environment must take into account a multitude of different policy areas that interact to either strengthen or weaken an economy's innovative potential. Innovation is not only about R&D and higher education but is also intimately related to entrepreneurship. Similarly, entrepreneurship is not only about low start-up costs and favorable tax rates. Hence, a consistent and coordinated policy environment conducive to innovation and entrepreneurship is required to translate innovation into high-growth firms and macro-level growth. <p>This book presents the basic cornerstones required to provide a policy regime that can nurture such dynamics. The authors draw extensively on empirical analysis of the development of the Swedish economy, which has been transformed from a so-called "sclerosis" state in the 1980s until the early 1990s to an economy characterized by successful entrepreneurship and innovation. This transformation resulted from a reform agenda that has been gradually rolled out, beginning in the mid-1980s. The authors argue that the Swedish experience provides useful lessons for other nations as well.</p></p>

Unleashing Society’s Innovative Capacity: An Integrated Policy Framework (International Studies in Entrepreneurship)

<p>This open access book builds on the European Union’s (EU) Horizon 2020 project ‘Financial and Institutional Reforms for an Entrepreneurial Society’ (FIRES). The authors outline how Europe can move towards more inclusive, innovative and sustainable growth through reforms that will rekindle its entrepreneurial spirit. Based on decades of research and countless discussions with stakeholders, the book also features the FIRES project’s full list of policy interventions and institutional reforms that can help policymakers make that agenda a reality.<br><br></p>

The Entrepreneurial Society: A Reform Strategy for the European Union (International Studies in Entrepreneurship, 43)

Sanders, Mark

Elert, Niklas

<p><div> <div>This open access book builds on the European Union's (EU) Horizon 2020 project 'Financial and Institutional Reforms for an Entrepreneurial Society' (FIRES). The authors outline how Europe can move towards more inclusive, innovative and sustainable growth through reforms that will rekindle its entrepreneurial spirit. Based on decades of research and countless discussions with stakeholders, the book also features the FIRES project's full list of policy interventions and institutional reforms that can help policymakers make that agenda a reality.<br /></div> </div> <div><br /></div></p>

The Entrepreneurial Society: A Reform Strategy for the European Union (International Studies in Entrepreneurship)

Understanding Entrepreneurship

Studentlitteratur AB

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