By Dennis C. Mueller (auth.), Pio Baake, Rainald Borck (eds.)
ISBN-10: 3540727817
ISBN-13: 9783540727811
ISBN-10: 3540727825
ISBN-13: 9783540727828
This quantity collects essays in honor of Charles Beat Blankart at the oc- th sion of his sixty five birthday. Blankart's learn is principally within the region of public finance and public selection. he's additionally identified for his curiosity in actual global difficulties and highbrow interest. those good points appear to be good c- veyed by means of the contributions. Born in Switzerland, Blankart accomplished his Ph. D. in Basel earlier than relocating to Germany. The generally Swiss point of view on person freedom, h- ever, has remained with him. Blankart has taught on the loose collage of Berlin, the collage of the Federal defense force in Munich, Technical collage and Humboldt college in Berlin. all through his prof- sional positions, Blankart has contributed to varied fields, together with p- lic finance, public selection, federalism and commercial association and re- lation. He has left major marks in those fields, emphasizing all through how incentives form the behaviour of people, be it in markets or in executive. for instance, his most sensible promoting textbook - fentliche Finanzen in der Demokratie, is exclusive in bringing a unified p- spective to the examine of public finance, treating politicians as usual self participants and doing mostly away with the benevolent welfare maximizing social planner.
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Extra resources for Public Economics and Public Choice: Contributions in Honor of Charles B. Blankart
Example text
Legislation) it is interesting to note that the New Institutional Economics in its early stages has mainly covered problem areas of private ordering rather than public ordering. Focusing on bureaucratic problem solutions would have led New Institutional Economics into direct competition with Public Choice. But this has not been the case. The new discipline was more interested in analysing the institutional structure of the firm (principal-agent-approach and economic theory of incomplete contracts), the nature and functioning of property rights, civil liability and so forth.
3 The Republic, the People, and the Law In the case of Romulus and Rome, history’s story unfolded and finally the Roman Republic evolved. Machiavelli gave an (efficiency) argument as to why, in the end, the princely government is expected to transform into a republican system if the governmental regime should stay stable over time. ” As we know from history, and as is stated in the Discourses, in the case of Rome, the transformation into a republic was not a peaceful event. On the other hand, it is obvious from Machiavelli’s political writings that he believed republics to be the most stable of political institutions.
In this rather artificial world economists were able to concentrate on pure economics. There had been exceptions to the general attitude of ignoring institutions, namely in the field of taxation, in international economics and in industrial organisation. And there was the school of institutional economics, which was stressing the importance of institutions. 20 But with a lack of a formalised approach this so-called school of old institutional economics was not never widely accepted. The new school of institutional economics started with a theoretical approach not too far away from neo-classical economics.
Public Economics and Public Choice: Contributions in Honor of Charles B. Blankart by Dennis C. Mueller (auth.), Pio Baake, Rainald Borck (eds.)
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