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A Discussion on the European Debt Crisis by Fiscal Sociology

Listed author(s):
  • Chia-Jen Chang

    (Department of Public Affairs and Civic Education, National Changhua University of Education,Taiwan)

  • Chia-Jung Chung

    (Department of Public Affairs and Civic Education, National Changhua University of Education,Taiwan)

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    The purpose of this article is that discuss the reasons of European debt crisis. Every European country adopts austerity policy, which cannot solve government debt problems and further lead to economic exacerbation and continuous recession, based on the neoclassical economic theory. In order to realize the root of European debt crisis, this article adopts the reaseach method of fiscal sociology. In this study, we think that the government debt problem is the result of economic profits conflict based on the Fiscal Sociology. The economic profits conflict of investment, consumption, international business and labor market will have influence on the government’s revenue and expenditure. Furthermore, the root of the European debt crisis is the uneven income distribution by financialization and neoliberalism

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    Article provided by Society for the Study of Business & Finance in its journal International Journal of Research in Business and Social Science.

    Volume (Year): 2 (2013)
    Issue (Month): 4 (October)
    Pages: 37-48

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    Handle: RePEc:rbs:ijbrss:v:2:y:2013:i:4:p:37-48
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