The Voluntary Exchange Theory of Public Economy

Richard Abel Musgrave

The Quarterly Journal of Economics, 1939, vol. 53, issue 2, 213-237

Abstract: I. The voluntary exchange theory: exposition, 214 — II. Discussion: (1) the underlying assumptions, 218; (2) the nature of the pricing process implied, 221; (3) the voluntary exchange theory as a solution to the problem of justice in taxation, 226; (4) the neutrality condition as criterion for the conduct of the revenue-expenditure process, 228; summary of objections, 231 — III. The planning interpretation of public economy as an alternative approach, 232. — The planning decisions, 232. — The social value scale predetermined, 233. — The analysis of direct and indirect effects, 234.

Date: 1939
References: Add references at CitEc
Citations: View citations in EconPapers (78)

Downloads: (external link)
http://hdl.handle.net/10.2307/1882886 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:qjecon:v:53:y:1939:i:2:p:213-237.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

More articles in The Quarterly Journal of Economics from President and Fellows of Harvard College
Bibliographic data for series maintained by Oxford University Press ().