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Richard E. Wagner

Fiscal Sociology and the Theory of Public Finance: An Exploratory Essay (New Thinking in Political Economy Series)

by Richard E. Wagner (Author)

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This book advances a social-theoretic treatment of public finance, which contrasts with the typical treatment of government as an agent of intervention into a market economy. To start, Richard Wagner construes government not as an agent but as a polycentric process of interaction, just as is a market economy. The theory of markets and the theory of public finance are thus construed as complementary components of a broader endeavor of social theorizing, with both seeking to provide insight into the emergence of generally coordinated relationships within society. The author places analytical focus on emergent processes of development rather than on states of equilibrium, and with much of that development set in motion by conflict among people and their plans. Some of the book's defining characteristics include:• Budgets emerge through organizationally constituted political entrepreneurship • Government is construed as a process of interaction and participation and not as a unitary entity of intervention • Government and markets are incorporated into a unified theory of property which is traced to human nature and its requirements for both autonomy and solidarity.Richard Wagner's book will be of interest to researchers in public finance, public choice, Austrian economics, political science and public policy.

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Richard E. Wagner, Holbert L. Harris Professor of Economics, Department of Economics, George Mason University, US

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Publisher ‏ : ‎ Edward Elgar Pub (January 1, 2007)
Language ‏ : ‎ English
Hardcover ‏ : ‎ 228 pages
ISBN-10 ‏ : ‎ 1847202462
ISBN-13 ‏ : ‎ 978-1847202468
Item Weight ‏ : ‎ 14.4 ounces
Dimensions ‏ : ‎ 6.25 x 1 x 9.25 inches

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gary morrison

Everything Old Is New Again...

Reviewed in the United States 🇺🇸 on October 26, 2016

Another free-market polemic from another in-house crackpot on the George Mason University payroll. This book has the rambling yet tedious quality of an ideological diatribe recycled thru the story telling methodology of Neoclassical economics. As plausible as his argument against public action may sound to its true believers, the 19th century free-market Shangri-La he wishes us to accept as historical fact, never actually existed. The fact is from an historical perspective, 'markets' are socially structured, government enforced and publicly subsidized entities that would never have come into being much less been sustained without public funding. The so called free-market Wagner's account proposes to be spontaneously born of human nature, is in fact politically planned and socially constructed. The real question this book's author fears to address, is why a democratic society should continue struggling to resist facing the obvious failure of market fundamentalism to provide an alternative to itself. Apparently the economics profession has simply run out of ideas and emergent market theory is another attempt to avoid history.

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