The Influence of Knut Wicksell on Richard Musgrave and James Buchanan
The schools of thought that Richard Musgrave and James Buchanan represent in the field of public finance differ a great deal. Musgrave represents the insider-Harvard vision of socio-political reality while Buchanan represents the outsider-Chicago-Virginia-public choice vision. The foundation of different schools of thought by Musgrave and Buchanan is surprising insofar as both Musgraveand Buchanan call Knut Wicksell their intellectual father and claim their own work to stand in the Wicksellian tradition. In this paper, the influence of Wicksell on the works of Musgrave and Buchanan is traced out. The paper comes to the conclusion that it is Buchanan on whose work Wicksell had the strongerinfluence. Copyright Kluwer Academic Publishers 2000
Volume (Year): 103 (2000)
Issue (Month): 1 (April)
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- Buchanan, James M., 1986. "The Constitution of Economic Policy," Nobel Prize in Economics documents 1986-1, Nobel Prize Committee.
- P. Hennipman, 1982. "Wicksell and Pareto: Their Relationship in the Theory of Public Finance," History of Political Economy, Duke University Press, vol. 14(1), pages 37-64, Spring.
- James M. Buchanan, 1949. "The Pure Theory of Government Finance: A Suggested Approach," Journal of Political Economy, University of Chicago Press, vol. 57, pages 496-496.
- Musgrave, Richard A, 1997. "Reconsidering the Fiscal Role of Government," American Economic Review, American Economic Association, vol. 87(2), pages 156-159, May. Full references (including those not matched with items on IDEAS)
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