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Fikret Adaman - One of the best experts on this subject based on the ideXlab platform.

  • Public Economics after neoliberalism a theoretical historical perspective
    European Journal of The History of Economic Thought, 2010
    Co-Authors: Yahya M Madra, Fikret Adaman
    Abstract:

    Musgravean Public Economics, as the dominant Public policy framework of the post-World War II era, argued that the government can and should supplement the price mechanism in order to create a social order within which a democratic society can flourish. Starting with the late 1970s, this project of Public Economics has been challenged by the growing dominance of neoliberalism as a form of governmentality that extends the economic logic of markets into the domain of the state and its mode of exercising sovereignty over its subjects. After outlining the historical and the disciplinary context of this challenge, the article maintains that endogenous theoretical confrontations internal to Public Economics should also be taken into consideration to provide a fuller account of the eclipse of the Musgravean Public Economics in the era of neoliberalism.

  • Public Economics after neoliberalism: a theoretical–historical perspective
    The European Journal of the History of Economic Thought, 2010
    Co-Authors: Yahya M Madra, Fikret Adaman
    Abstract:

    Abstract Musgravean Public Economics, as the dominant Public policy framework of the post-World War II era, argued that the government can and should supplement the price mechanism in order to create a social order within which a democratic society can flourish. Starting with the late 1970s, this project of Public Economics has been challenged by the growing dominance of neoliberalism as a form of governmentality that extends the economic logic of markets into the domain of the state and its mode of exercising sovereignty over its subjects. After outlining the historical and the disciplinary context of this challenge, the article maintains that endogenous theoretical confrontations internal to Public Economics should also be taken into consideration to provide a fuller account of the eclipse of the Musgravean Public Economics in the era of neoliberalism.

Gilbert Faccarello - One of the best experts on this subject based on the ideXlab platform.

  • The challenge of the history of Public Economics
    The European Journal of the History of Economic Thought, 2010
    Co-Authors: Gilbert Faccarello, Richard Sturn
    Abstract:

    The history of Public Economics is a challenging subject. There is no simple narrative which can accommodate the joint evolution of Economics and theories of the Public economy. Taken together, the papers published in this issue provide ample evidence against that idea that progress in the understanding of Public Economics has been linear — that the application of ever more sophisticated economic theory has been the motor of scientific progress in this domain. While this might seem at first sight a plausible view, it fails to capture important features of the advances, breakthroughs and vicissitudes in the theories and models related to the Public sector.

  • An ‘exception culturelle’? French sensationist political economy and the shaping of Public Economics *
    The European Journal of the History of Economic Thought, 2006
    Co-Authors: Gilbert Faccarello
    Abstract:

    This paper examines some ideas developed in the field of Public Economics by French Sensationist political economists, from Turgot and Condorcet to the young Jean-Baptiste Say. An ideal-typical account of their position is based on the fact that issues raised by Public expenditure and revenue are not dealt with independently. Instead, a strong link between the two sides of the budget is emphasised, an approach arising out of political considerations concerning human rights and equity. Following on from this they develop a theory of Public expenditure based on Public goods -- national and local -- and externalities, and a theory of taxation culminating in a justification of progressive taxation. The central section of the paper forms a kind of pivotal point in the analysis, showing how the above political and ethical requirements of the theory lead to the first estimation of the optimal amount of Public expenditure and revenue -- involving an equilibrium at the margin.

  • An "exception culturelle"? French Sensationist political economy and the shaping of Public Economics
    European Journal of the History of Economic Thought, 2006
    Co-Authors: Gilbert Faccarello
    Abstract:

    This paper examines some ideas developed in the field of Public Economics by French Sensationist political economists, from Turgot and Condorcet to the young Jean-Baptiste Say. An ideal-typical account of their position is based on the fact that issues raised by Public expenditure and revenue are not dealt with independently. Instead, a strong link between the two sides of the budget is emphasised, an approach arising out of political considerations concerning human rights and equity. Following on from this they develop a theory of Public expenditure based on Public goods -- national and local -- and externalities, and a theory of taxation culminating in a justification of progressive taxation. The central section of the paper forms a kind of pivotal point in the analysis, showing how the above political and ethical requirements of the theory lead to the first estimation of the optimal amount of Public expenditure and revenue -- involving an equilibrium at the margin.

Yahya M Madra - One of the best experts on this subject based on the ideXlab platform.

  • Public Economics after neoliberalism a theoretical historical perspective
    European Journal of The History of Economic Thought, 2010
    Co-Authors: Yahya M Madra, Fikret Adaman
    Abstract:

    Musgravean Public Economics, as the dominant Public policy framework of the post-World War II era, argued that the government can and should supplement the price mechanism in order to create a social order within which a democratic society can flourish. Starting with the late 1970s, this project of Public Economics has been challenged by the growing dominance of neoliberalism as a form of governmentality that extends the economic logic of markets into the domain of the state and its mode of exercising sovereignty over its subjects. After outlining the historical and the disciplinary context of this challenge, the article maintains that endogenous theoretical confrontations internal to Public Economics should also be taken into consideration to provide a fuller account of the eclipse of the Musgravean Public Economics in the era of neoliberalism.

  • Public Economics after neoliberalism: a theoretical–historical perspective
    The European Journal of the History of Economic Thought, 2010
    Co-Authors: Yahya M Madra, Fikret Adaman
    Abstract:

    Abstract Musgravean Public Economics, as the dominant Public policy framework of the post-World War II era, argued that the government can and should supplement the price mechanism in order to create a social order within which a democratic society can flourish. Starting with the late 1970s, this project of Public Economics has been challenged by the growing dominance of neoliberalism as a form of governmentality that extends the economic logic of markets into the domain of the state and its mode of exercising sovereignty over its subjects. After outlining the historical and the disciplinary context of this challenge, the article maintains that endogenous theoretical confrontations internal to Public Economics should also be taken into consideration to provide a fuller account of the eclipse of the Musgravean Public Economics in the era of neoliberalism.

Jacques H. Dreze - One of the best experts on this subject based on the ideXlab platform.

  • Forty years of Public Economics : a personal perspective
    Journal of Economic Perspectives, 1995
    Co-Authors: Jacques H. Dreze
    Abstract:

    This paper presents a personal perspective on the field of Public Economics with emphasis on the interplay of theory and applications. In the early 1950s, theoretical developments grew out of practical applications. Yet, few economists succeed in creatively linking theory to real problems and our professional organization fails to promote adequately such contributions. The author also discusses briefly the success of Public Economics, its fragmentation into subfields, and its relation to macroEconomics. The writing of this paper was prompted by the author's participation in editing a volume of selected papers by William Vickrey, whose work is exemplary of the perspective presented here.

  • Forty Years of Public Economics: A Personal Perspective
    1994
    Co-Authors: Jacques H. Dreze
    Abstract:

    This paper presents a personal perspective on the field of Public Economics, as I have seen it evolve over the past forty years. Starting in the early fifties, microeconomic theory invaded the age-old field of Public finance. A central core of this work consists in deriving general qualitative formulae, within the general equilibrium model extended to encompass a Public sector, Public goods and taxation. That central development is flanked on one side by implementable solutions to practical problems (I refer in particular to Public utility pricing, road pricing and auction design) , on the other side by the development of a rich abstract framework (I refer to equilibrium with increasing returns, state-contingent contracts, priority service contracts, ... ). The two flanks should come together, as they did in the early fifties when the theoretical developments grew out of practical applications. Yet, few economists succeed in creatively linking theory to real problems, and our professional organisation fails to promote adequately such contributions and their authors. Next to this emphasis on the interplay of theory and applications, I discuss briefly the success of Public Economics, its fragmentation into subfields and its relation to macroEconomics. The writing of this paper was prompted by my participation in editing a volume of selected papers by William Vickrey, on his 80th birthday. Frequent references are made to his work, which is exemplary of the perspective presented here.

Anthony B. Atkinson - One of the best experts on this subject based on the ideXlab platform.

  • Lectures on Public Economics: Updated Edition
    2015
    Co-Authors: Joseph E. Stiglitz, Anthony B. Atkinson
    Abstract:

    This classic introduction to Public finance remains the best advanced-level textbook on the subject ever written. First published in 1980, Lectures on Public Economics still tops reading lists at many leading universities despite the fact that the book has been out of print for years. This new edition makes it readily available again to a new generation of students and practitioners in Public Economics. The lectures presented here examine the behavioral responses of households and firms to tax changes. Topics include the effects of taxation on labor supply, savings, risk-taking, the firm, debt, and economic growth. The book then delves into normative questions such as the design of tax systems, optimal taxation, Public sector pricing, and Public goods, including local Public goods. Written by two of the world’s preeminent economists, this edition of Lectures on Public Economics features a new introduction by Anthony Atkinson and Joseph Stiglitz that discusses the latest developments in the field and areas for future research. The definitive advanced-level textbook on Public Economics Examines the effects of taxation on households and firms Covers tax system design, optimal taxation, Public sector pricing, and more Includes suggestions for further reading Additional resources available online

  • Introduction: Public Economics
    2015
    Co-Authors: Anthony B. Atkinson, Joseph E. Stiglitz
    Abstract:

    This classic introduction to Public finance remains the best advanced-level textbook on the subject ever written. First published in 1980, Lectures on Public Economics still tops reading lists at many leading universities despite the fact that the book has been out of print for years. This new edition makes it readily available again to a new generation of students and practitioners in Public Economics. The lectures presented here examine the behavioral responses of households and firms to tax changes. Topics include the effects of taxation on labor supply, savings, risk-taking, the firm, debt, and economic growth. The book then delves into normative questions such as the design of tax systems, optimal taxation, Public sector pricing, and Public goods, including local Public goods. Written by two of the world’s preeminent economists, this edition of Lectures on Public Economics features a new introduction by Anthony Atkinson and Joseph Stiglitz that discusses the latest developments in the field and areas for future research. The definitive advanced-level textbook on Public Economics Examines the effects of taxation on households and firms Covers tax system design, optimal taxation, Public sector pricing, and more Includes suggestions for further reading Additional resources available online

  • Public Economics in an Age of Austerity
    2014
    Co-Authors: Anthony B. Atkinson
    Abstract:

    Governments all round the world are facing problems with their Public finances. At a time of austerity, how much should spending be cut and how much should taxes be raised? Does the national debt represent a burden for future generations? Should taxes on the rich be raised? This book examines how the tools of Public Economics can be applied to answer such key questions and to suggest alternatives to the austerity policies currently being pursued. The fiscal problems faced are not simply the result of the post-2008 economic crisis but reflect a deep-seated fault line in modern economies. There has to be fiscal consolidation to provide for an ageing population, increased investment in education, and climate change. The book describes how Public Economics can help us think about alternative ways of meeting this challenge. It casts doubt on conventionally held views, such as those concerned with top tax rates, the undesirability of taxing capital income, the targeting of child benefits, and the merging of income tax and social security contributions. The final part goes beyond national boundaries and considers global Public Economics, focusing on the pressing problem of financing development. The conclusion of the book is that there are significant choices to be made. Not all austerity packages are the same: there are alternatives. It would be possible to raise taxes more and to cut spending less. It is important to consider the full range of possible policies. In considering these alternatives, modern Public Economics provides a useful framework, but it has major limitations. Economists are too often prisoners within the theoretical walls they have erected and fail to see that important considerations are missing. Economists have paid too little attention to the ethical basis underlying their policy recommendations.

  • The Mirrlees Review and the State of Public Economics
    Journal of Economic Literature, 2012
    Co-Authors: Anthony B. Atkinson
    Abstract:

    The Mirrlees Review of taxation in the United Kingdom is a landmark in the analysis of U.K. fiscal policy, and of wide interest to Public finance economists around the world. This review concentrates on what we can learn from the Review about the current state of Public Economics and directions for future research. (JEL E62, H20, H50)

  • Public Economics after The Idea of Justice
    Journal of Human Development and Capabilities, 2012
    Co-Authors: Anthony B. Atkinson
    Abstract:

    In this first lecture in honour of Amartya Sen, I examine the lessons that can be drawn from The Idea of Justice for Public Economics and the extent to which Public Economics has already moved in the direction advocated by Sen. More specifically, I focus on the current fiscal austerity programmes, and how the tools of Public Economics can be used to contribute to Public reasoning about such programmes. I argue that they can help us think about the balance between cutting spending and raising taxes, and about the key role of Public investment. But the Sen critique of welfare Economics mean that we have to re-think Public Economics. The subject has been slow to absorb new ideas for the evaluative basis, and Public Economics, while extending its positive analysis to allow for international interactions, has failed to develop a normative approach to global justice.