fiscal crisis

fiscal crisis (of the state)
A term coined by James O'Connor (The Fiscal Crisis of the State, 1973), to denote the ‘structural gap’ in advanced capitalist societies between state revenues and expenses, which leads to economic, social, and political crises; now used more widely to describe such fiscal difficulties. For example, in Contradictions of the Welfare State (1984) and Disorganized Capitalism(1985), the German sociologist Claus Offe examines the legitimation problems of advanced welfare-capitalist societies, and what he calls the ‘crises of crises management’; namely, the problems faced by states in attempting to manage the socio-political problems (notably the fiscal crises, demand overload, and decline of the ‘achievement principle’) that he sees as being inherent in such social systems.

Dictionary of sociology. 2013.

Look at other dictionaries:

  • fiscal crisis of the state — fiscal crisis (of the state) A term coined by James O Connor (The Fiscal Crisis of the State, 1973), to denote the ‘structural gap’ in advanced capitalist societies between state revenues and expenses, which leads to economic, social, and… …   Dictionary of sociology

  • fiscal — fis‧cal [ˈfɪskl] adjective [only before a noun] FINANCE ECONOMICS TAX connected with government taxes, debts, and spending: • The fiscal deficit was estimated at $53,800,000 or 3.5% of gross national product. • The current fis …   Financial and business terms

  • fiscal crises — fiscal crisis (of the state) …   Dictionary of sociology

  • fiscal — fis|cal [ˈfıskəl] adj formal [Date: 1500 1600; : Latin; Origin: fiscus basket, money bag ] relating to money, taxes, debts etc that are owned and managed by the government ▪ a fiscal crisis fiscal policy/measure ▪ sound (=good) fiscal policy ▪ a… …   Dictionary of contemporary English

  • fiscal — 1 adjective formal connected with money, taxes, debts, etc owned and managed by the government: a fiscal crisis fiscally adverb 2 noun (C) informal procurator fiscal …   Longman dictionary of contemporary English

  • Crisis económica de 2008-2009 — Saltar a navegación, búsqueda Este artículo trata sobre la crisis en la economía real. Para la crisis monetaria, véase Crisis financiera de 2008. Por crisis económica de 2008 y 2009 se conoce a la crisis económica mundial que comenzó ese año,… …   Wikipedia Español

  • Crisis financiera asiática — Saltar a navegación, búsqueda Países más afectados por la crisis asiática. La crisis financiera asiática fue un período de dificultad financiera que se apoderó de Asia en julio de 1997 y aumentó el temor de un desastre económico mundial por… …   Wikipedia Español

  • Crisis Core: Final Fantasy VII — European boxart featuring Zack Fair. Developer(s) Square Enix Publisher(s) …   Wikipedia

  • Crisis constitucional rusa de 1993 — Saltar a navegación, búsqueda La crisis constitucional rusa de 1993 hace referencia a los hechos acaecidos en Rusia entre el 21 de septiembre y el 5 de octubre de ese año. La crisis comenzó en el día 21 de septiembre de 1993 cuando el presidente… …   Wikipedia Español

  • Crisis política en Bolivia de 2008 — Saltar a navegación, búsqueda Bolivia, en el corazón de América del Sur, pieza esencial del equilibrio subregional …   Wikipedia Español

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.