ABSTRACT
The existence of such a public sector comprising all the personal and material resources placed under the control of government, and all the institutions and facilities provided and maintained by it for general use, creates problems of regulation which are determined today by the legislation. The tendency of the public sector to grow progressively and indefinitely led, almost a hundred years ago, to the formulation of a ‘law of growing government expenditure’. In some countries such as Great Britain the growth has now reached the point where the share of national income controlled by government amounts to more than 50 per cent. The strong case for a government finance of at least general education does not however imply that this education should also be managed by the government, and still less that the government should acquire a monopoly of it.
