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Theory of Public Finance in a Federal State

Posted on 2010-04-13




Name:Theory of Public Finance in a Federal State
ASIN/ISBN:0521630355
Author:Dietmar Wellisch
Publisher:Cambridge University Press (2000)
Language:English
Pages:Hardcover, 224 pages
File size:10.6 Mb
   Theory of Public Finance in a Federal State

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Author: Dietmar Wellisch


Publisher: Cambridge University Press (2000)


Binding: Hardcover, 224 pages


pricer: $110.00


ISBN-10: 0521630355


editorialreviews

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.




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