{"product_id":"externalities-and-public-expenditure-theory-9780865972421","title":"Externalities and Public Expenditure Theory","description":"\u003cp\u003eIn his foreword, Geoffrey Brennan states, \"The papers in this volume represent a coherent set of pieces focused on aspects of public-expenditure theory and constitute all of Buchanan's papers in this area.\"\u003c\/p\u003e \u003cp\u003eBuchanan's work on the subject of what governments should do and his insistence on Knut Wicksell's ideal that taxation and public expenditure be integrated topics have contributed significantly to the current thinking of most economists on the topic. Geoffrey Brennan summarizes Buchanan's central themes in this way, \"There are two messages that emerge from this work: one is that a proper sense of the extent of market failure, rather than its mere presence, is relevant in all cases; the other is that 'correcting' for such market failure is often a complex multidimensional business not captured by direct public provision at zero price and not necessarily involving expansion of market output.\"\u003c\/p\u003e \u003cp\u003eThe twenty-nine papers represented in this volume are grouped into these major subject categories: \u003c\/p\u003e \u003col\u003e \u003cli\u003e \u003cp\u003ePublic Services and Collective Action\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eExternalities\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eClubs and Joint Supply\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003ePublic Goods Theory\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eApplications--City, Health, and Social Security\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eDistributive Norms and Collective Action\u003c\/p\u003e \u003c\/li\u003e \u003c\/ol\u003e \u003cp\u003eThis volume also includes what are arguably Buchanan's two most famous articles: \"Externality,\" which he wrote with William Stubblebine, and \"Economic Theory of Clubs.\"\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 James M. Buchanan\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Liberty Fund\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 04\/06\/2001\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 520\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 2.00lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.80h x 5.80w x 1.00d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780865972421","brand":"Liberty Fund","offers":[{"title":"Paperback","offer_id":40444028878963,"sku":"9.78E+12","price":16.42,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/products\/img_97f77e9a-746e-45d0-98f6-8aa9ade08687.jpg?v=1663338860","url":"https:\/\/bookstorenmore.com\/products\/externalities-and-public-expenditure-theory-9780865972421","provider":"Bookstore N More","version":"1.0","type":"link"}