Description
Opening with an introduction on the development of the economic theory of public finance, Francesco Forte develops a discourse based on a theoretical framework of welfare economics. Here, the assumption of 'homo oeconomicus' is replaced by that of an average man with imperfect rationality and imperfect ethical constraints, and social welfare functions are replaced by equilibrium solutions in 'games' played by contracting parties at constitutional and post-constitutional stages. The positive and normative theory of public goods becomes much more complex, and merit wants are evaluated from an individualistic perspective. Theories of public expenditure, public revenues and the interrelation between various levels of government are also analysed.
The public choice approach combined with theoretical welfare economics and institutions will prove a stimulating and engaging read for those with a special interest in public sector economics, public choice and Austrian economics.
About the Author
Francesco Forte, Emeritus Professor of Public Economics, Department of Economics and Law, Sapienza - University of Rome, Italy
Reviews
'A long professional and personal association with Francesco Forte accustoms one to the extraordinary breadth of his knowledge, understanding and original thinking not only on economic but also legal and political questions. Principles of Public Economics displays all these estimable qualities to the full, adding for good measure a style and content that must attract both student and savant alike.'
Book Information
ISBN 9780857930101
Author Francesco Forte
Format Paperback
Page Count 512
Imprint Edward Elgar Publishing Ltd
Publisher Edward Elgar Publishing Ltd
