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Social Provisioning and Social Unbalances on Capitalist Development

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  • Carlos Aguiar de Medeiros

Abstract

The paper argues along the lines of John Kenneth Galbraith in his analysis of the American “affluent society” during the “Golden Age,” when social unbalance between private wealth and public services was expanded by modern capitalism. In industrialized or developing economies, investment in public services was constrained by fiscal or ideological reasons favoring market provision. This evolution had significant impact on welfare.

Suggested Citation

  • Carlos Aguiar de Medeiros, 2015. "Social Provisioning and Social Unbalances on Capitalist Development," Journal of Economic Issues, Taylor & Francis Journals, vol. 49(2), pages 535-542, April.
    • Handle: RePEc:mes:jeciss:v:49:y:2015:i:2:p:535-542
    DOI: 10.1080/00213624.2015.1042801
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    Cited by:

    1. Summa, Ricardo de Figueiredo, 2022. "Alternative uses of functional finance: Lerner, MMT and the Sraffiansh," IPE Working Papers 175/2021, Berlin School of Economics and Law, Institute for International Political Economy (IPE).

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