This book advances a social-theoretic treatment of public finance,
which contrasts with the typical treatment of government as an
agent of intervention into a market economy. To start, Richard
Wagner construes government not as an agent but as a polycentric
process of interaction, just as is a market economy. The theory of
markets and the theory of public finance are thus construed as
complementary components of a broader endeavor of social
theorizing, with both seeking to provide insight into the emergence
of generally coordinated relationships within society. The author
places analytical focus on emergent processes of development rather
than on states of equilibrium, and with much of that development
set in motion by conflict among people and their plans. Some of the
book's defining characteristics include: * Budgets emerge through
organizationally constituted political entrepreneurship *
Government is construed as a process of interaction and
participation and not as a unitary entity of intervention *
Government and markets are incorporated into a unified theory of
property which is traced to human nature and its requirements for
both autonomy and solidarity. Richard Wagner's book will be of
interest to researchers in public finance, public choice, Austrian
economics, political science and public policy.
General
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