2015
The economic analysis of budgetary imbalance
BLAŽEK, JiříBasic information
Original name
The economic analysis of budgetary imbalance
Authors
BLAŽEK, Jiří (203 Czech Republic, guarantor, belonging to the institution)
Edition
1. vyd. Brno, Systems of financial law : general part, p. 303-314, 12 pp. 2015
Publisher
Masarykova univerzita, Právnická fakulta
Other information
Language
English
Type of outcome
Proceedings paper
Field of Study
Legal sciences
Country of publisher
Czech Republic
Confidentiality degree
is not subject to a state or trade secret
Publication form
printed version "print"
RIV identification code
RIV/00216224:14220/15:00090749
Organization
Právnická fakulta – Repository – Repository
ISBN
978-80-210-7826-0
UT WoS
000379380800025
Keywords in English
Budget Constitution; budget deficits; public finance; public budget; budget imbalance; J. M. Keynes; economic analysis
Changed: 3/9/2020 04:50, RNDr. Daniel Jakubík
Abstract
V originále
The paper "Economic Analysis of Budgetary Imbalance" describes the issue of budgetary imbalance in broad historical context. The crucial factor of deficit financing of modern states may be traced back to the Great Depression of 1929-1933. Another significant factor is the economic theories of J. M. Keynes. This paper emphasizes that deficit financing has become reality in most of the countries of the world since 1950s. Referring to the statistics, the author has shown that this has been taking place regardless of the political orientation of the governments and of the economic situation in which the particular countries were. Finally, the author highlighted the necessity of systematic changes, i. e. political, economic, legal, and changes in functioning of the states.
