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Modern Public Finance , 1994


“The main problem of public finance is how to improve the way tax money is spent, increase the efficiency of the economy and change the distribution of income in several desirable ways. Contributions by various authors dealing with subjects, such as: The distribution of the tax burden; Public sector dynamics; Public goods and the invisible hand; Federalism and government finance; Tax policy; Integrating allocation and stabilization budgets. In the chapter Public Sector Dynamics is dealt with the public debt and the following questions are treated: Does public debt have any effect? What effects does it have? How is it determined politically? And how is it meant! One of the conclusions is that future government claims and liabilities cannot be valued at their market value.”

Authors - Quigley, John M., Smolensky, Eugene


Quigley, John M., Smolensky, Eugene

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