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Building Better Social ProgramsHow Evidence Is Transforming Public Policy$
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David Stoesz

Print publication date: 2020

Print ISBN-13: 9780190945572

Published to Oxford Scholarship Online: February 2020

DOI: 10.1093/oso/9780190945572.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 23 April 2021

Starving the Beast

Starving the Beast

(p.80) Chapter 4 Starving the Beast
Building Better Social Programs

David Stoesz

Oxford University Press

The evolution of the Chicago school of economics and public choice theory provided an alternative to Keynesian economics, which had served as the basis for financing the welfare state. Accordingly, Grover Norquist established Americans for Tax Reform to contain taxes, denying the welfare state essential revenues. Despite the success of the antitax movement, unanticipated problems became evident: the expansion of tax expenditures exacerbated inequality and skyrocketed public debt. Behavioral economics emerged as a research-based alternative to conventional economic theory.

Keywords:   economic theory, tax cuts, behavioral economics, neoliberalism, new public management

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