Public Finance and Public Choice

Public Finance and Public Choice
Author :
Publisher : MIT Press
Total Pages : 283
Release :
ISBN-10 : 9780262261616
ISBN-13 : 0262261618
Rating : 4/5 (16 Downloads)

Book Synopsis Public Finance and Public Choice by : James M. Buchanan

Download or read book Public Finance and Public Choice written by James M. Buchanan and published by MIT Press. This book was released on 1999-10-12 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


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Chapters include: "Income distribution and welfare programs", "State and local government expenditures" and "Health economics and private health insurance".