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Political Economy and Public Finance - The Role of Political Economy in the Theory and Practice of Public Economics (Paperback, New edition)
Loot Price: R1,237
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Political Economy and Public Finance - The Role of Political Economy in the Theory and Practice of Public Economics (Paperback, New edition)
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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. The
distinguished list of authors, many of whom are pre-eminent in
their fields, includes Robin Boadway, Geoffrey Brennan, Albert
Breton, AnIbal Cavaco Silva, Walter Hettich, Gebhard Kirchgassner,
Dennis Mueller, William Niskanen, Hirofumi Shibata, Eugene
Smolensky, Heinrich Ursprung, Frans van Winden, Stanley Winer and
Donald Wittman. The importance of political economy to any
understanding of why public policy evolves as it does is now widely
accepted by public finance scholars and practitioners. This book
goes a step further by considering the role of collective choice in
defining what constitutes 'good' or 'better' policy. It will be an
essential companion for all scholars of public finance and
political economy.
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