jun 1, 1935 - Wagner's law
Description:
Wagner's law, known as the law of increasing state spending. The theory holds that for any country, that public expenditure rises constantly as income growth expands. The law predicts that the development of an industrial economy will be accompanied by an increased share of public expenditure in gross national product.Added to timeline:
Date:
jun 1, 1935
Now
~ 89 years ago
