Embed Size (px)
DESCRIPTION
Mercers’ School Memorial Professor of Commerce Michael Mainelli. Goldilocks Government and the Market: Not Too Little, Not Too Much, But Just Right. Outline. Magic beancounters Public, private or in-between? Contracting with the people Global contracting The Government Optimeter - PowerPoint PPT Presentation
Citation preview
“New Learning”
Barnard’s Inn HallHolbornLondon EC1N 2HH
Tel: +44 (0)20 7831 0575Fax: +44 (0)20 7831 5208Email : [email protected]
www.gresham.ac.uk
© Gresham College2006
Mercers’ School Memorial Professor of CommerceMichael Mainelli
Goldilocks Government and the Market:
Not Too Little, Not Too Much, But Just Right
www.gresham.ac.uk
© Gresham College2006
Outline
Magic beancounters
Public, private or in-between?
Contracting with the people
Global contracting
The Government Optimeter
The Competition Optimeter
The Community Optimeter
Do you really, really believe in smaller government – the Bear-est recipe?
“Get a detailed grip on the big picture.”Chao Kli Ning
www.gresham.ac.uk
© Gresham College2006
Magic Beancounters
www.gresham.ac.uk
© Gresham College2006
Public, Private Or In-Between?
www.gresham.ac.uk
© Gresham College2006
Government In The Economy
0.0
10.0
20.0
30.0
40.0
50.0
60.0
France Germany UnitedKingdom
UnitedStates
Total general governmentrevenue% of GDP
Total general governmentexpenditure% of GDP
General government finalconsumption expenditure% of GDP
Social security transfers % of GDP
www.gresham.ac.uk
© Gresham College2006
General Government Expenditure As % GDP 1901 to 1998
[Source: Office of National Statistics]
0
10
20
30
40
50
60
70
% G
DP
www.gresham.ac.uk
© Gresham College2006
Federal Spending As % of GNP/GDP1799 to 1997
[Vedder and Galloway, 1998]
www.gresham.ac.uk
© Gresham College2006
Contracting With The People
www.gresham.ac.uk
© Gresham College2006
Global Contracting
www.gresham.ac.uk
© Gresham College2006
The Government Optimeter
www.gresham.ac.uk
© Gresham College2006
The Competition Optimeter
www.gresham.ac.uk
© Gresham College2006
The Community Optimeter
www.gresham.ac.uk
© Gresham College2006
A Lack Of Locality
0
20
40
60
80
100
120
Thousands
France Germany Spain USA UnitedKingdom
Italy
Local Administrative Units Average Population Of Lowest Executive Tier
[Jenkins, Big Bang Localism, 2004]
www.gresham.ac.uk
© Gresham College2006
Do You Really, Really Believe In Smaller Government – The Bear-est Recipe?
Giving communities real power
Re-mapping political positions on more than one dimension
Developing better metrics of government, competition and community
www.gresham.ac.uk
© Gresham College2006
Discussion
1. Is a single measure of optimal government scale impossible?
2. Can more local democracy help keep overall government slim?
3. What other forces can help control the scale of government?
“Get a big picture grip on the details.”Chao Kli Ning
www.gresham.ac.uk
© Gresham College2006
Goldilocks Government and the Market
Thank you!
