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Contemporary crony capitalism – Living with Leviathan

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For a contemporary and historical account of the scale of the state and its relations with nominally private business, I recommend David B. Smith’s excellent Living with Leviathan: Public Spending, Taxes and Economic Performance: In the last 90 years the proportion of national income spent by the UK government has increased from around 10 per cent to nearly 50 per cent. This general trend has been followed in most other developed countries, although levels of government spending are much higher in […]

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