Political Economy and Public Finance

Edited by Stanley Winer () and Hirofumi Shibata

in Books from Edward Elgar Publishing

Abstract: There is a long-standing difference amongst public economists between those who think that collective choice must be formally acknowledged, and those who derive their policy recommendations from a social planning framework in which politics plays no role. The purpose of this book is to contribute to a meaningful dialogue between these two groups, in the belief that the future of both political economy and of normative public finance lies somewhere between the two approaches. Some of the specific questions addressed in the book include: does public finance need political economy? Should collective choice play a role in the standard of reference used in normative public finance? What is a ‘failure’ in a non-market or policy process? And what have we learned about the theory and practice of public finance from three decades of empirical research on public choice? The book also provides a practitioner’s view of the political economy of redistribution.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
JEL-codes: H0 (search for similar items in EconPapers)
Date: 2002
ISBN: 9781843760733
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Citations: View citations in EconPapers (59)

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Chapters in this book:

Ch 1 Political economy and public finance: a brief introduction

Stanley Winer and Hirofumi Shibata

Ch 2 Public finance, public choice and the political economy of regulation

Geoffrey Brennan

Ch 3 Public and welfare economics under monopolistic and competitive governments

Albert Breton

Ch 4 The role of public choice considerations in normative public economics

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Ch 5 Better than what? Policy analysis, collective choice and the standard of reference

Walter Hettich

Ch 6 Normative public finance without guilt: why normative public finance is positive public finance

Donald Wittman

Ch 7 On the origin and identification of government failures

William A. Nickanen

Ch 8 Interest groups, redistribution and the size of government

Dennis C. Mueller

Ch 9 The effects of fiscal institutions on public finance: a survey of the empirical evidence

Gebhard Kirchgässner

Ch 10 Experimental investigation of collective action

Frans van Winden

Ch 11 Equity policy and political feasibility in the European Union

Anibal Cavaco Silva

Ch 12 Directions for future research

Eugune Smolensky

Ch 13 Where do we go from here?

Heinrich Ursprung

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