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Public Finance and Parliamentary Constitutionalism (Hardcover)
Loot Price: R2,730
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Public Finance and Parliamentary Constitutionalism (Hardcover)
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Public Finance and Parliamentary Constitutionalism analyses
constitutionalism and public finance (tax, expenditure, audit,
sovereign borrowing and monetary finance) in Anglophone
parliamentary systems of government. The book surveys the history
of public finance law in the UK, its export throughout the British
Empire, and its entrenchment in Commonwealth constitutions. It
explains how modern constitutionalism was shaped by the financial
impact of warfare, welfare-state programs and the growth of central
banking. It then provides a case study analysis of the impact of
economic conditions on governments' financial behaviour, focusing
on the UK's and Australia's responses to the financial crisis, and
the judiciary's position vis-a-vis the state's financial powers.
Throughout, it questions orthodox accounts of financial
constitutionalism (particularly the views of A. V. Dicey) and the
democratic legitimacy of public finance. Currently ignored aspects
of government behaviour are analysed in-depth, particularly the
constitutional role of central banks and sovereign debt markets.
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