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On Some Currently-Fashionable Propositions In Public Finance

Author

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  • Prabhat Patnaik

Abstract

The paper says that putting the matter differently, the price-system plays multiple roles: it acts as a signal for the use of available resources for producing at any particular point on the Production Possibility Frontier, and it also acts as a means of distributing a given produced bundle of goods among the economic agents.

Suggested Citation

  • Prabhat Patnaik, 2018. "On Some Currently-Fashionable Propositions In Public Finance," Working Papers id:12525, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:12525
    Note: Institutional Papers
    as

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