- The Public Sector in a Sustainable Economy
- Military Spending and Economic Growth: An Empirical Study with Data in the OECD Countries, 1953-1982
- Sub-Saharan Africa: Prospects of Development in the New Millennium
|The Public Sector in a Sustainable Economy=
|Journal of Futures Studies
|經濟成長; 公共部門; Economics; Growth; Sustainability;
|While many futures writers express the need for a sustainable economy, the description of such an economy has yet to be developed. This paper suggests that economies need to move into a mature phase characteristed by an overall steady-state. A key factor in defining this mature economy is an adjustment to the impact of progress and new technologies which replace human labour with more efficient machines. Since increasing efficiency will reduce employment in the private sector, the public sector needs to expand. Other appropriate policies include a reduction in work hours and a wider, more equal distribution of work and incomes. This requires a strenghthening of union power. There can be dangers in too great a concentration of power. While power must be taken from the Trans-National Corporations back into the hands of the nation state, while the public sector must be extended, and while the influence of employee organisations must be strenghtened, a mixed economy with a substantial private enterprise component will reduce the possibility of the dictatorship of any one group. That private enterprise sector must be compatible with a sustainable economy, and move from an insistence on never-ending growth to develop the capability to operate within a steady state mixed economy.