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In this volume, based on a week-long symposium at the University of Munich's Center for Economic Studies, two leading scholars of governmental economics debate their divergent perspectives on the role of government and its fiscal functions.James M. Buchanan, who was influential in developing the research program in public choice, concentrates on the imperfections of the political process and stresses the need for rules to restrain governmental interference. Richard A. Musgrave, a founder of modern public finance, points to market failures and inequities that call for corrective public policies. They apply their differing economic and political philosophies to a variety of key issues. Each presentation is followed by a response and general discussion.
| ISBN | 0262024624 | | Pages | 282 | | ISBN13 | 9780262024624
(What's this?) | | Volumes | 1 | | Publisher | MIT Press Ltd | | Weight (grammes) | 385 | | Imprint | MIT Press | | Published in | Cambridge, Mass. | | Format | Hardback | | Height (mm) | 203 | | Publication date | 15 Nov 1999 | | Width (mm) | 145 | | Library of Congress | 99-15446 | | Spine width (mm) | 20 | | DEWEY | 336 | | Academic level | Further/Higher education, Undergraduate, Postgraduate, Professional / Scholarly | | DEWEY edition | DC21 | |
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| | | Foreword by Hans-Werner Sinn | | | | | | Introduction by Hans-Werner Sinn | | 3 | | | | Origins, Experiences, and Ideas: A Retrospective Assessment by James M. Buchanan | | 11 | | | | The Nature of the Fiscal State: The Roots of My Thinking by Richard A. Musgrave | | 29 | | | | Fiscal Tasks by Richard A. Musgrave | | 63 | | | | Response by James M. Buchanan | | 83 | | | | Constraints on Political Action by James M. Buchanan | | 107 | | | | Response by Richard A. Musgrave | | 129 | | | | Fiscal Federalism by Richard A. Musgrave | | 155 | | | | Response by James M. Buchanan | | 177 | | | | Morals, Politics, and Institutional Reform: Diagnosis and Prescription by James M. Buchanan | | 205 | | | | Response by Richard A. Musgrave | | 225 | | | | Summary by Hans-Werner Sinn | | 253 | | | | References | | 259 | | | | Index | | 265 |
"Two towering pillars of 20th century public economics examine the deepfoundations of their own thought and their common subject. Who couldresist the chance to eavesdrop on their reflections? Certainly not anyonewho cares about the role of government in modern society." Robert M. Solow , Institute Professor Emeritus, MIT  Be the first to write a customer review
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