Cover: Public Sector Economics and Politics.

Public Sector Economics and Politics.

Published 1974

by Jack Stockfisch

Purchase Print Copy

 Format Price
Add to Cart Paperback4 pages $20.00

Review of Richard E. Wagner's The Public Economy, prepared for the Journal of Business. This book employs the idea, advocated in 1896 by the Swedish economist Knut Wicksell, that a unanimity constitutional rule (or near unanimity rule) be employed to govern legislative fiscal action and related decisionmaking. Such a rule contrasts importantly with that of a "simple majority," which prevails for most present-day democratic governments. Wagner advances Wicksell's approach as a basis upon which to develop a positive theory of fiscal behavior. The review discusses some of the pros and cons of this approach. 4 pp. (Author)

This report is part of the RAND paper series. The paper was a product of RAND from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.

RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.