Retrenchment

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For the formal methods technique , see Retrenchment.
Look up retrenchment in Wiktionary, the free dictionary.

Retrenchment means the reduction of expenditures in order to become financially stable (e.g., by cutting jobs).

Retrenchment of the state, accompanied by lowering taxes, is frequently advocated by capitalist, neo-liberal, and libertarian groups.

[edit] See Also

[edit] References

Paul Pierson, Dismantling the welfare state? Reagan, Thatcher, and the politics of retrenchment, Cambridge University Press, 1994, ISBN-13: 978-0521555708, ISBN-10: 0521555701.

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