Public Sector Economics and Politics.

by Jack Stockfisch

Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback4 pages $20.00 $16.00 20% Web Discount

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 Corporation Paper series. The paper was a product of the RAND Corporation 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.

Our mission to help improve policy and decisionmaking through research and analysis is enabled through our core values of quality and objectivity and our unwavering commitment to the highest level of integrity and ethical behavior. To help ensure our research and analysis are rigorous, objective, and nonpartisan, we subject our research publications to a robust and exacting quality-assurance process; avoid both the appearance and reality of financial and other conflicts of interest through staff training, project screening, and a policy of mandatory disclosure; and pursue transparency in our research engagements through our commitment to the open publication of our research findings and recommendations, disclosure of the source of funding of published research, and policies to ensure intellectual independence. For more information, visit www.rand.org/about/principles.

The RAND Corporation 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.