Title
Externalities And Public Expenditure Theory (The Collected Works Of James M. Buchanan)
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In His Foreword, Geoffrey Brennan States, The Papers In This Volume Represent A Coherent Set Of Pieces Focused On Aspects Of Publicexpenditure Theory And Constitute All Of Buchanans Papers In This Area.Buchanans Work On The Subject Of What Governments Should Do And His Insistence On Knut Wicksells Ideal That Taxation And Public Expenditure Be Integrated Topics Have Contributed Significantly To The Current Thinking Of Most Economists On The Topic. Geoffrey Brennan Summarizes Buchanans Central Themes In This Way, There Are Two Messages That Emerge From This Work: One Is That A Proper Sense Of The Extent Of Market Failure, Rather Than Its Mere Presence, Is Relevant In All Cases; The Other Is That Correcting For Such Market Failure Is Often A Complex Multidimensional Business Not Captured By Direct Public Provision At Zero Price And Not Necessarily Involving Expansion Of Market Output.The Twentynine Papers Represented In This Volume Are Grouped Into These Major Subject Categories:Public Services And Collective Actionexternalitiesclubs And Joint Supplypublic Goods Theoryapplicationscity, Health, And Social Securitydistributive Norms And Collective Actionthis Volume Also Includes What Are Arguably Buchanans Two Most Famous Articles: Externality, Which He Wrote With William Stubblebine, And Economic Theory Of Clubs.James M. Buchanan (19192013) Was An Eminent Economist Who Won The Alfred Nobel Memorial Prize In Economic Sciences In 1986 And Was Considered One Of The Greatest Scholars Of Liberty In The Twentieth Century.
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- Q: How many pages does this book have? A: This book contains five hundred twenty pages. It provides an in-depth exploration of public-expenditure theory.
- Q: What is the binding type of this book? A: The binding type is paperback. This makes it flexible and easy to handle.
- Q: What are the dimensions of the book? A: The dimensions are five point eight inches in length, one inch in width, and eight point eighty-two inches in height.
- Q: Who is the author of this book? A: The author is James M. Buchanan. He is a renowned economist and Nobel Prize winner.
- Q: What is the main theme of this book? A: The main theme revolves around public-expenditure theory and market failures. It discusses government roles in economic contexts.
- Q: How do I read this book effectively? A: To read this book effectively, consider focusing on the major subject categories. Each section builds on public finance concepts.
- Q: Is this book suitable for beginners in economics? A: Yes, this book can be suitable for beginners. However, having some background knowledge in economics may enhance understanding.
- Q: What is the recommended audience for this book? A: The recommended audience includes students, economists, and anyone interested in public finance theory. It's designed for readers seeking deeper insights.
- Q: How should I store this book to keep it in good condition? A: Store this book in a cool, dry place away from direct sunlight. Keeping it upright on a shelf will help maintain its shape.
- Q: Can I clean this book if it gets dirty? A: Yes, you can clean this book. Use a dry cloth to gently wipe the cover and edges to avoid damage.
- Q: What if the book arrives damaged? A: If the book arrives damaged, contact the seller for a return or exchange. Most sellers have policies for damaged items.
- Q: Is there a warranty for this book? A: No, there is typically no warranty for books. However, check with the seller for their specific return policy.
- Q: How does this book compare to other works by James M. Buchanan? A: This book is a comprehensive collection of Buchanan's papers on public expenditure. It is often regarded as a key resource compared to his other works.
- Q: What makes this book unique in the field of public finance? A: This book compiles Buchanan's essential papers on public-expenditure theory, highlighting significant contributions to economic thought.
- Q: Are there any famous articles included in this book? A: Yes, it includes Buchanan's well-known articles 'Externality' and 'Economic Theory of Clubs.' These are foundational works in economic theory.
- Q: Is this book part of a series? A: Yes, it is part of 'The Collected Works of James M. Buchanan.' This series showcases his influential writings on economics.