Theory of Public Finance in a Federal State-Wow! eBook

Theory of Public Finance in a Federal State
Dietmar Wellisch(Author)

Book Description Publication Date: January 13, 2000| ISBN-10: 0521630355| ISBN-13: 9780521630351

This book gives a new answer to the old question about the optimal degree of fiscal decentralization in a federal state. It shows that fiscal decentralization is a method to disclose the preferences of currently living and future generations for local public goods, to limit the size of the government, and to avoid excessive public debt finance. While the allocative branch of the government benefits from fiscal decentralization, it is difficult to obtain a distribution of incomes that differs from the outcome that the market brings along.

Editorial Reviews Review "I highly recommend this work both for the excellent synthesis of the existing works on fiscal decentralization and the important contributions to issues of public finance under conditions of factor mobility..it is a tremendous contribution to the field and a must read for scholars of federalism and decentralization." Publius

Book Description This book gives a new answer to the old question about the optimal degree of fiscal decentralization in a federal state. It shows that fiscal decentralization is a method to disclose the preferences of currently living and future generations for local public goods, to limit the size of the government, and to avoid excessive public debt finance. While the allocative branch of the government benefits from fiscal decentralization, it is difficult to obtain a distribution of incomes that differs from the outcome that the market brings along.

Book Description

Hardcover: 224 pages
Publisher: Cambridge University Press (January 13, 2000)
Language: English
ISBN-10: 0521630355
ISBN-13: 9780521630351

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Theory of Public Finance in a Federal State

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