Economics Dictionary of ArgumentsHome
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| Public finance: Public finance is the study of government revenue and expenditure and their effect on the economy. It examines taxation, government spending, budgeting, and debt management, focusing on how public resources are allocated and how fiscal policy influences economic stability and growth. See also Government spending, Government debt, Administration, Bureaucracy._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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James M. Buchanan on Public Finance - Dictionary of Arguments
Boudreaux I 12 Public Finance/Buchanan/Boudreaux/Holcombe: Buchanan was unhappy with economists treating the spending and the taxation sides of the budget so differently But he was even unhappier with economists’ failure both to critically investigate the motives of the flesh and blood individuals who make fiscal decisions, and to recognize the role that citizen-taxpayers play in prompting government officials to tax and to spend as they do. Richard Wager on Buchanan 1949: Buchanan (1949)(1) is a form of call to arms in which he sets forth a bottom-up approach to public finance wherein people are construed as governing themselves, in contrast to the orthodox approach to public finance where the state is treated as some inscrutable entity that magically injects taxes and spending into society, and with individuals responding to those injections but in no way causing them…. Buchanan wanted to reconstruct public finance to render it suitable for democratic regimes where people governed themselves as opposed to being governed by a class of rulers. (Wagner, 2017(2): 4-5) >Public Choice, >Public Choice Theory, >Government debt/Buchanan. 1. Buchanan, James M. (1949). “The Pure Theory of Government Finance” in: Journal of Political Economy. 2. Wagner, Richard E. (2017). James M. Buchanan and Liberal Political Economy. Lexington Books._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconBuchan I James M. Buchanan Politics as Public Choice Carmel, IN 2000 Boudreaux I Donald J. Boudreaux Randall G. Holcombe The Essential James Buchanan Vancouver: The Fraser Institute 2021 Boudreaux II Donald J. Boudreaux The Essential Hayek Vancouver: Fraser Institute 2014 |
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