The Failure of Public Finance

Walter Block (), William Kordsmeier () and Joseph Horton
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Walter Block: Loyola University
William Kordsmeier: University of Central Arkansas
Joseph Horton: University of Central Arkansas

Chapter Chapter 14 in The Ethics of Tax Evasion, 2012, pp 229-243 from Springer

Abstract: Abstract A number of explanations are commonly presented in public finance texts as reasons why government intervention in the economy will improve performance. This chapter questions the validity of each of them. The chapter examines the merit goods argument, equity considerations, growth and development, and stabilization, and finds the arguments offered in their behalf to be unpersuasive. Public finance as presented in textbooks is seen as relying on rather dubious normative arguments.

Keywords: Charitable Contribution; Externality Argument; Perfect Competition; Positive Economic; Consumer Sovereignty (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4614-1287-8_14

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DOI: 10.1007/978-1-4614-1287-8_14

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