Preface
1. The role of the public sector
2. Allocation, distribution and stabilization
3. Market failure and other reasons for public interventions
4. Size of the public sector
5. Taxation and impact on societies
6. Fiscal policy – what works what does not work
7. Steering of the public sector economy
8. In-cash benefits – the role of the public sector
9. In-kind benefits – the service of the public sector
10. International influence, including the Economic and Monetary Union
11. A social investment perspective on public sector spending
12. Challenges for the public sector – a few concluding remarks
Index

At last – a textbook on the public sector for students of social policy, public policy, political science and sociology. This book explains why we have a public sector and what tasks it is expected to perform.
Bent Greve presents the key strengths and weaknesses of the public sector in modern European societies in a clear and straightforward fashion. He also highlights the new challenges the sector faces, including changes in global development, demography and technology.
Public and private sectors are highly interdependent and Greve explores this relationship and the consequences of choosing different public expenditures and financing. He addresses differences across affluent European economies and demonstrates how countries can develop society as desired whilst ensuring that their economies remain resilient to external crises, such as the financial crisis of 2008 or the Covid-19 pandemic.
Highly accessible and informative, this book will be a valuable resource for lecturers and students of social policy, public policy, political science and economic sociology. It is also essential reading for students of public sector management and administration who need to understand the fundamentals of public sector economics and political economy. Its novel interpretation of the broader role of the public sector will also be beneficial for practitioners and policy makers. ---provided by publisher