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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.
The authors critically analyze varying approaches to public finance, contrasting the orthodox social optimality with the alternative public choice school. Both schools of thought are given full but critical attention....
This text examines the debate about the appropriate role and size of the public sector, covering the main issues of taxation and public expenditure, and bringing areas of dispute into sharp relief.
These questions are central to public sector economics and this second edition of Public Finance and Public Choice illustrates the controversies which surround them.