On Some Currently-Fashionable Propositions In Public Finance

Prabhat Patnaik

Working Papers from eSocialSciences

Abstract: The paper says that putting the matter differently, the price-system plays multiple roles: it acts as a signal for the use of available resources for producing at any particular point on the Production Possibility Frontier, and it also acts as a means of distributing a given produced bundle of goods among the economic agents.

Keywords: Economist; integrity; humane values; political; anti-Leftism; privilege; public sector; inefficient; endowments; wealth. (search for similar items in EconPapers)
Date: 2018-02
Note: Institutional Papers
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