POLS 3170 Lecture Notes - Lecture 6: United States House Committee On Oversight And Government Reform, Monetarism, Keynesian Economics
28 Jun 2015
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Document Summary
Week 3: economic crisis, welfare state restructuring and retrenchment. Since 1970s, the welfare state has been under tremendous pressure. Downsizing the public sector (bureaucracy has an inherent tendency to expand its own empire. Applying private sector principles to the public sector. Removing obstacles to the operation of market forces. Collision of legitimation and accumulation functions of the state (contradictions of. State"s responses to the crisis: capital has acquired an upper hand. Re-orientation of social and economic policies in accordance with demand of market forces. Creating new frontiers for the circulation of capital: spatial, technological and social frontiers. Miss-match between the established institutions (keynesianism and fordism) and the demands of this technological development. Reorganization in accordance with the requirements of these developments. The ascendancy of fiscal restraint in governmental agenda. Economic crisis and its impact on the welfare state; Restructuring and retrenchment of the welfare state is manifested in followings developments: A-shift from universality to targeting: examples and implications.
