Adolf Wagner's theory of INCREASING STATE ACTIVITIES
Introduction:-
Adolf Wagner, the German economists made an in depth analysis relative to the rise in govt. expenditure in the late 19th century. Based on his study he propounded a low called, "The low of increasing state activity."
Explanation of the theory:-
Wagner's low states that 'as the economy develops over time, the activities and functions of the govt. increase.'
According to Adolf Wagner, "Comprehensive comparisons of different countries and different times show that among progressive people(societies), with which along we are concerned- an increase regularly takes place in the activity of both the central govt. and local govts. constantly undertakes new functions, while they perform both old and new functions more efficiently and more completely. In this way, economic needs of the people are in an increasing extent and in a more satisfactory fashion are satisfied by the central and local govts."
WAGNER'S STATEMENT INDICATES THE FOLLOWING POINTS
1. In progressive societies, the activities of the central and local govt. increase on a regular basis.
2. The increase in govt. activities is in both extensive and intensive.
3. The govt. undertake new functions in the interest of the society.
4. The old and new functions are performed more efficiently and more completely than before.
5.The purpose of the govt. activities is to meet economic needs of the people.
6. The expansion and intensification of governmental function lead to increase in public expenditure.
Introduction:-
Adolf Wagner, the German economists made an in depth analysis relative to the rise in govt. expenditure in the late 19th century. Based on his study he propounded a low called, "The low of increasing state activity."
Explanation of the theory:-
Wagner's low states that 'as the economy develops over time, the activities and functions of the govt. increase.'
According to Adolf Wagner, "Comprehensive comparisons of different countries and different times show that among progressive people(societies), with which along we are concerned- an increase regularly takes place in the activity of both the central govt. and local govts. constantly undertakes new functions, while they perform both old and new functions more efficiently and more completely. In this way, economic needs of the people are in an increasing extent and in a more satisfactory fashion are satisfied by the central and local govts."
WAGNER'S STATEMENT INDICATES THE FOLLOWING POINTS
1. In progressive societies, the activities of the central and local govt. increase on a regular basis.
2. The increase in govt. activities is in both extensive and intensive.
3. The govt. undertake new functions in the interest of the society.
4. The old and new functions are performed more efficiently and more completely than before.
5.The purpose of the govt. activities is to meet economic needs of the people.
6. The expansion and intensification of governmental function lead to increase in public expenditure.
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