Construct · 1 fields · 1 citations

Peacock-Wiseman displacement effect: a standalone construct

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Public finance

the hypothesis that wars and other upheavals lift public spending to a new plateau that persists afterward because the tax level citizens tolerate shifts upward.

In public finance, Peacock-Wiseman displacement effect refers to the hypothesis that wars and other upheavals lift public spending to a new plateau that persists afterward because the tax level citizens tolerate shifts upward. This meaning comes from Peacock (1961) in The growth of public expenditure in the United Kingdom.[1]

Unit
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Nearby constructs

displacement5 fields · 6 citationsjingle · one word, five constructs growth4 fields · 4 citationsjingle · one word, four constructs hypothesis2 fields · 2 citationsjingle · one word, two constructs

References

Peacock, A. T. (1961). The growth of public expenditure in the United Kingdom. Unwin. Open Library record

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