Public Finance and Public Choice: Two Contrasting Visions of the State
AbstractIn 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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Bibliographic InfoThis book is provided by The MIT Press in its series MIT Press Books with number 0262024624 and published in 1999.
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public finance; public choice; governmental interference;
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- H0 - Public Economics - - General
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