McLaughlin, Andrew M.; Richardson, Jeremy. J. - In: Journal of Public Budgeting, Accounting & Financial … 6 (1994) 1, pp. 97-129
Budgetary reform in the UK since the International Monetary Fund (IMF) intervention under a Labour government in 1976 has been prompted by a new conventional wisdom that public expenditure was too high, and consequently, "crowded out" private sector investment. Although this belief became...
