Fiscal Decentralisation: An Epilogue to Paretian Fiscal Thought

Michael McLure

Chapter 9 in The Paretian School and Italian Fiscal Sociology, 2007, pp 155-171 from Palgrave Macmillan

Abstract: Abstract As noted in Chapter 4, the Paretian approach to fiscal sociology commenced its decline in the early 1930s. It had become recognised as an established branch of the Italian tradition in fiscal studies: it was incorporated into public finance textbooks and was a common point of reference; but substantial new research that presented fiscal studies in the context of the Paretian social equilibrium did not develop further. However, in 1950, there was a brief but partial reprise when Aldo Scotto investigated the issue of fiscal decentralisation, in a manner that had its origins in the work of Pareto’s sociology. While it directly complemented the Paretian approach to fiscal sociology developed two to three decades earlier, there was no substantive attempt to integrate the study of fiscal decentralisation within fiscal sociology based on Pareto’s theory of social equilibrium. The Paretian approach to fiscal sociology had been in decline as an active field of research for too long to be treated as a framework of contemporary relevance. Moreover, by the early 1950s the last rites on this field of research were performed by Gustavo del Vecchio, and confirmed by Ernesto D’Albergo and Celestino Arena in the 1960s.

Keywords: Fiscal Decentralisation; Capita Gross Domestic Product; Political Equilibrium; Economic Elite; Fiscal Event (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59626-9_9

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DOI: 10.1057/9780230596269_9

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