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The Way We Were (And Are): Changes in Public Finance and Its Textbooks

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  • Harvey S. Rosen

Abstract

This paper uses a comparison of a contemporary Public Finance textbook with one written in the 1940s as a vehicle for assessing the changes in the field since the beginning of the National Tax Journal 50 years ago. The comparison indicates that there have been major changes in the field. From a methodological point of view, the most important change is the embrace of microeconomic theory as the framework for analyzing both positive and normative issues. In addition, the incorporation of econometrics has dramatically affected the field. With respect to topical coverage, research in Public Finance has changed along with the items on the public policy agenda, and the results of this new research have made their way into contemporary textbooks. But there is continuity as well as change: some topics and their treatments have metamorphosed very little in the last half century.

Suggested Citation

  • Harvey S. Rosen, 1997. "The Way We Were (And Are): Changes in Public Finance and Its Textbooks," NBER Working Papers 5972, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:5972
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    Cited by:

    1. Nara F Monkam, 2014. "Local municipality productive efficiency and its determinants in South Africa," Development Southern Africa, Taylor & Francis Journals, vol. 31(2), pages 275-298, March.

    More about this item

    JEL classification:

    • H89 - Public Economics - - Miscellaneous Issues - - - Other
    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General

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