{"product_id":"the-power-to-tax-analytical-foundations-of-a-fiscal-constitution-9780865972308","title":"The Power to Tax: Analytical Foundations of a Fiscal Constitution","description":"\u003cp\u003eCommenting on his collaboration with Geoffrey Brennan on \u003cstrong\u003e\u003cem\u003eThe Power to Tax\u003c\/em\u003e\u003c\/strong\u003e, James M. Buchanan says that the book is \"demonstrable proof of the value of genuine research collaboration across national-cultural boundaries.\" Buchanan goes on to say that \"\u003cem\u003eThe Power to Tax\u003c\/em\u003e is informed by a single idea-the implications of a revenue-maximizing government.\"\u003c\/p\u003e \u003cp\u003eOriginally published in 1980, \u003cem\u003eThe Power to Tax\u003c\/em\u003e was a much-needed answer to the tax revolts sweeping across the United States. It was a much-needed answer as well in the academic circles of tax theory, where orthodox public finance models were clearly inadequate to the needs at hand.\u003c\/p\u003e \u003cp\u003eThe public-choice approach to taxation which Buchanan had earlier elaborated stood in direct opposition to public-finance orthodoxy. What Buchanan and Brennan constructed in The Power to Tax was a middle ground between the two. As Brennan writes in the foreword, \"The underlying motivating question was simple: Why not borrow the motivational assumptions standard in public-choice theory and put them together with assumptions about policy-maker discretion taken from public-finance orthodoxy?\"\u003c\/p\u003e \u003cp\u003eThe result was a controversial book-and a much misunderstood one as well. Looking back twenty years later, Brennan feels confirmed in the rightness of the theories he and Buchanan espoused, particularly in their unity with the public-choice tradition: \"The insistence on motivational symmetry is a characteristic feature of the public choice approach, and it is in this dimension that \u003cem\u003eThe Power to Tax\u003c\/em\u003e and the orthodox public- finance approach diverge.\"\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003eJames M. Buchanan\u003c\/strong\u003e (1919-2013) was an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and was considered one of the greatest scholars of liberty in the twentieth century.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Geoffrey Brennan, James M. Buchanan\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Liberty Fund\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 08\/01\/2000\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 278\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.05lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 0.90d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780865972308","brand":"Liberty Fund","offers":[{"title":"Paperback","offer_id":40908694782067,"sku":"9.78087E+12","price":16.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/products\/img_ef43be81-2682-43e5-9469-bbef1642fa5c.jpg?v=1691066995","url":"https:\/\/bookstorenmore.com\/en-de\/products\/the-power-to-tax-analytical-foundations-of-a-fiscal-constitution-9780865972308","provider":"Bookstore N More","version":"1.0","type":"link"}