Public Finance and Public Choice: Two Contrasting Visions of the State (CESifo Book Series)
Editorial Reviews
Book Description
In this volume, based on a week-long symposium at the University of Munich's Center for Economic Studies, two leading scholars of governmental economics debate their divergent perspectives on the role of government and its fiscal functions.
James M. Buchanan, who was influential in developing the research program in public choice, concentrates on the imperfections of the political process and stresses the need for rules to restrain governmental interference. Richard A. Musgrave, a founder of modern public finance, points to market failures and inequities that call for corrective public policies. They apply their differing economic and political philosophies to a variety of key issues. Each presentation is followed by a response and general discussion.
Book Info
Provides the papers and comments presented at a week of discussions between James Buchanan and Richard Musgrave that took place in the Freskensaal of the departments of Economics and and Business at Munich's Ludwig-Maximilians University. DLC: Fiscal policy.
Public Finance and Public Choice: Two Contrasting Visions of the State (CESifo Book Series)
Public Finance and Public Choice: Two Contrasting Visions of the State (CESifo Book Series),James M. Buchanan,Richard A. Musgrave,The MIT Press,0262024624,Economic Theory,Economics - General,Fiscal Policy,Government - U.S. Government,Political Science,Politics / Current Events,Politics/International Relations,Public Finance,Public Policy - Social Policy,Social choice,State, The,Business & Economics / Finance,Political economy
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