The duties of the sovereign: A brief guide to the literature

Roberto Artoni and Alessandra Casarico

Politica economica, 2010, issue 3, 339-358

Abstract: In this paper we address the following four questions: is it reasonably correct to assume that the government is benevolent and competent? Has state intervention through taxation and transfers negative effects on individual incentives? In a context of limited information, are political failures or market failures more relevant? Which macroeconomic model is more useful for policy analysis? We tackle the above issues by surveying and discussing the main contributions in the literature on the above topics and we draw some lessons on the appropriate role of public intervention in the economy.

Keywords: political failures; information failures; political economy; fiscal policy; social expenditure (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.rivisteweb.it/download/article/10.1429/33586 (application/pdf)
https://www.rivisteweb.it/doi/10.1429/33586 (text/html)
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:mul:je8794:doi:10.1429/33586:y:2010:i:3:p:339-358

Access Statistics for this article

Politica economica is currently edited by Giuseppe Marotta

More articles in Politica economica from Società editrice il Mulino
Bibliographic data for series maintained by ().