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© Gresham College 2006 Magic Beancounters
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“New Learning”
Barnard’s Inn HallHolbornLondon EC1N 2HH
Tel: +44 (0)20 7831 0575Fax: +44 (0)20 7831 5208Email : [email protected]
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© Gresham College2006
Mercers’ School Memorial Professor of CommerceMichael Mainelli
Goldilocks Government and the Market:Not Too Little, Not Too Much, But Just Right
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© Gresham College2006
Outline
Magic beancountersPublic, private or in-between?Contracting with the peopleGlobal contractingThe Government OptimeterThe Competition OptimeterThe Community OptimeterDo 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?
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© Gresham College2006
Government In The Economy
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France Germany UnitedKingdom
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Total general governmentrevenue% of GDPTotal general governmentexpenditure% of GDPGeneral government finalconsumption expenditure% of GDPSocial security transfers % of GDP
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General Government Expenditure As % GDP 1901 to 1998
[Source: Office of National Statistics]
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Federal Spending As % of GNP/GDP1799 to 1997
[Vedder and Galloway, 1998]
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© Gresham College2006
Contracting With The People
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© Gresham College2006
Global Contracting
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© Gresham College2006
The Government Optimeter
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© Gresham College2006
The Competition Optimeter
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© Gresham College2006
The Community Optimeter
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© Gresham College2006
A Lack Of Locality
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Local Administrative Units Average Population Of Lowest Executive Tier
[Jenkins, Big Bang Localism, 2004]
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© Gresham College2006
Do You Really, Really Believe In Smaller Government – The Bear-est Recipe?
Giving communities real powerRe-mapping political positions on more than one dimensionDeveloping better metrics of government, competition and community
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© 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!
