Part of: The Collected Works of James M. Buchanan in 20 vols. The Collected Works of James M. Buchanan, Vol. 4. Public Finance in Democratic Process

Vol. 4 of The Collected Works. Public Finance in Democratic Process outlines the dynamics of individual choice as it is displayed in the process of public finance. The underlying principles of this seminal work are: an analysis of market failure in the provision of public goods; the insistence on conceiving policy decisions as the outcome of political processes; and the necessity of treating the tax and expense sides of the budget as interconnected.

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Citation

The Collected Works of James M. Buchanan, Vol. 4. Public Finance in Democratic Process: Fiscal Institutions and Individual Choice Foreword by Geoffrey Brennan (Indianapolis: Liberty Fund, 1999).

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