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Public Finance Connections With The Role And Functions Of The Current State

Author

Listed:
  • Florin Ghiocel

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

Public finances aproaches, with other accents but in the case of market economy, the three major topics of economic analysis, namely resource allocation, distribution or welfare distribution and economic stability, identified by reputable specialists (RA & Musgrave BP Musgrave., 1989) as the three functions of the state itself (the so-called Musgrave trilogy). All this call for developing a theory and practice proper control by finance, similarly, maybe to the more complex / comprehensive approach of the development of a theory of management.

Suggested Citation

  • Florin Ghiocel, 2019. "Public Finance Connections With The Role And Functions Of The Current State," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(47), pages 55-64, November.
    • Handle: RePEc:aio:aucsse:v:1:y:2019:i:47:p:55-64
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    File URL: http://feaa.ucv.ro/annals/v1_2019/007.pdf
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    References listed on IDEAS

    as
    1. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    2. Tibor Scitovsky, 1954. "Two Concepts of External Economies," Journal of Political Economy, University of Chicago Press, vol. 62, pages 143-143.
    3. Francis M. Bator, 1958. "The Anatomy of Market Failure," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 72(3), pages 351-379.
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    More about this item

    Keywords

    finances local; public finance ; finance system; economy; budget;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G35 - Financial Economics - - Corporate Finance and Governance - - - Payout Policy

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