Download for the lecture - Gresham College

Mercers’ School Memorial Professor of Commerce
Michael Mainelli
“New Learning”
Goldilocks Government and the Market:
Not Too Little, Not Too Much, But Just Right
Barnard’s Inn Hall
Holborn
London EC1N 2HH
© Gresham College
2006
www.gresham.ac.uk
Tel: +44 (0)20 7831 0575
Fax: +44 (0)20 7831 5208
Email : [email protected]
Outline
Magic beancounters
Public, private or inbetween?
Contracting with the people
Global contracting
The Government Optimeter
The Competition Optimeter
The Community Optimeter
Do you really, really believe
in smaller government – the
Bear-est recipe?
© Gresham College
2006
www.gresham.ac.uk
“Get a detailed grip on the big picture.”
Chao Kli Ning
Magic Beancounters
© Gresham College
2006
www.gresham.ac.uk
Public, Private Or In-Between?
© Gresham College
2006
www.gresham.ac.uk
Government In The Economy
60.0
Total general government
revenue
% of GDP
50.0
Total general government
expenditure
% of GDP
40.0
30.0
General government final
consumption expenditure
% of GDP
Social security transfers
% of GDP
20.0
10.0
0.0
France
© Gresham College
2006
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Germany
United
Kingdom
United
States
General Government Expenditure
As % GDP 1901 to 1998
70
60
% GDP
50
40
30
20
10
© Gresham College
2006
www.gresham.ac.uk
[Source: Office of National Statistics]
97
19
91
19
85
19
79
19
73
19
67
19
61
19
55
19
49
19
43
19
37
19
31
19
25
19
19
19
13
19
07
19
19
01
0
Federal Spending As % of GNP/GDP
1799 to 1997
© Gresham College
2006
www.gresham.ac.uk
[Vedder and Galloway, 1998]
Contracting With The People
© Gresham College
2006
www.gresham.ac.uk
Global Contracting
© Gresham College
2006
www.gresham.ac.uk
The Government Optimeter
© Gresham College
2006
www.gresham.ac.uk
The Competition Optimeter
© Gresham College
2006
www.gresham.ac.uk
The Community Optimeter
© Gresham College
2006
www.gresham.ac.uk
A Lack Of Locality
Thousands
120
100
80
60
40
20
0
France
© Gresham College
2006
www.gresham.ac.uk
Germany
Spain
USA
United
Kingdom
Italy
Local Administrative Units Average Population Of Lowest Executive Tier
[Jenkins, Big Bang Localism, 2004]
Do You Really, Really Believe In Smaller
Government – The Bear-est Recipe?
Giving communities real power
Re-mapping political positions on more
than one dimension
Developing better metrics of government,
competition and community
© Gresham College
2006
www.gresham.ac.uk
Discussion
Is a single measure
of optimal
government scale
impossible?
2. Can more local
democracy help keep
overall government
slim?
3. What other forces
can help control the
scale of government?
1.
© Gresham College
2006
www.gresham.ac.uk
“Get a big picture grip on the details.”
Chao Kli Ning
Goldilocks Government and the Market
Thank you!
© Gresham College
2006
www.gresham.ac.uk