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Externalities and Public Expenditure Theory






Publisher:  Liberty Fund, Incorporated
Summary: In his foreword, Geoffrey Brennan states, "The papers in this volume represent a coherent set of pieces focused on aspects of public-expenditure theory and constitute all of Buchanan's papers in this area." Buchanan's work on the subject of what governments should do and his insistence on Knut Wicksell's ideal that taxation and public expenditure be integrated topics have contributed significantly to the current thin...king of most economists on the topic. Geoffrey Brennan summarises Buchanan's central themes in this way, "There are two messages that emerge from this work: one is that a proper sense of the extent of market failure, rather than its mere presence, is relevant in all cases; the other is that 'correcting' for such market failure is often a complex multidimensional business not captured by direct public provision at zero price and not necessarily involving expansion of market output." The twenty-nine papers represented in this volume are grouped into these major subject categories: public services and collective action, externalities, clubs and joint supply, public goods theory, applications -- city, health, and social security, distributive norms and collective action. This volume also includes what are arguably Buchanan's two most famous articles: 'Externality', which he wrote with William Stubblebine, and 'Economic Theory of Clubs'.

Buchanan, James M. is the author of Externalities and Public Expenditure Theory, published under ISBN 9780865972414 and 0865972419. One hundred seven Externalities and Public Expenditure Theory textbooks are available for sale on ValoreBooks.com, fifty three used from the cheapest price of $14.25, or buy new starting at $25.75.
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Externalities and Public Expenditure Theory

ISBN-13: 9780865972414

ISBN: 0865972419

Publisher: Liberty Fund, Incorporated
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