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Political economy and public finance: a brief introduction

In: Political Economy and Public Finance

Author

Listed:
  • Stanley L. Winer
  • Hirofumi Shibata

Abstract

There is a long-standing difference amongst public economists between those who think that collective choice must be formally acknowledged, and those who derive their policy recommendations from a social planning framework in which politics plays no role. The purpose of this book is to contribute to a meaningful dialogue between these two groups, in the belief that the future of both political economy and of normative public finance lies somewhere between the two approaches. Some of the specific questions addressed in the book include: does public finance need political economy? Should collective choice play a role in the standard of reference used in normative public finance? What is a ‘failure' in a non-market or policy process? And what have we learned about the theory and practice of public finance from three decades of empirical research on public choice? The book also provides a practitioner's view of the political economy of redistribution.

Suggested Citation

  • Stanley L. Winer & Hirofumi Shibata, 2002. "Political economy and public finance: a brief introduction," Chapters, in: Stanley L. Winer & Hirofumi Shibata (ed.), Political Economy and Public Finance, chapter 1, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:2805_1
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    File URL: https://www.elgaronline.com/view/9781843760733.00007.xml
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    Cited by:

    1. Stanley L. Winer & Walter Hettich, 2002. "The Political Economy of Taxation: Positive and Normative Analysis when Collective Choice Matters," Carleton Economic Papers 02-11, Carleton University, Department of Economics, revised 2004.

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