Gordon Tullock's work in economics spans nearly 50 years and is known for the breadth, originality, and quantity of his contributions in public choice, constitutional political economy, law and economics, bioeconomics, and monetary history. Despite his lack of formal training in economics,...

<Para ID="Par1">This paper summarizes current EU austerity programs and discusses various fiscal policy reform proposals under consideration. It points out political and theoretical problems with these proposals and makes the case for fiscal consolidation through spending reduction rather than tax cuts. The...</para>