THE WELFARE STATE, PUBLIC INVESTMENT, AND GROWTH by Hirofumi Shibata (Editor), Toshihiro Ihori (Editor) ( 9784431680147 )

Item Details

Title:

THE WELFARE STATE, PUBLIC INVESTMENT, AND GROWTH
SELECTED PAPERS FROM THE 53RD CONGRESS OF THE INTERNATIONAL INSTITUTE OF PUBLIC FINANCE

By:

Hirofumi Shibata (Editor), Toshihiro Ihori (Editor)

Format:

Paperback

List price:	£76.50
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ISBN 10:

4431680144

ISBN 13:

9784431680147

Publisher:

SPRINGER VERLAG, JAPAN

Pub. date:

30 October, 2012

Edition:

Softcover reprint of the original 1st ed. 1998

Pages:

334

Synopsis:

This book presents fifteen papers selected from the papers read at the 53rd Congress of the International Institute of Public Finance held at Kyoto, Japan, in August 1997. Although organized under the general title of Public Finance and Public Investment, the Congress covered a wide range of topics in Public Finance. One of the highlights of the Congress was a historic and brilliant debate between two of the greatest living authorities in the area of public finance, Professors James M. Buchanan and Richard A. Musgrave, on the nature of the welfare state and its future. Part I of this book is concerned with this debate and its empirical counterpart. James M. Buchanan (Chapter 1) warns that the welfare state will be unsustainable unless it preserves generality or at least quasi generality in welfare programs. The introduction of overt discrimination in welfare programs through means testing and targeting can only diminish public support. He argues that a political version of the "tragedy of commons" will emerge if and when identifiable interest groups recognize the prospects of particularized gains as promised by discriminatory tax or transfer payments.Faced with mounting pressure from entitlement-like claims of special interest groups against public revenues on one hand and equally strong pressure against further tax burdens on the other, political leaders are attracted to solutions that single out the most vulnerable targets. Distributional disagreement among classes will then become a major source of political discourse and an impetus for class conflict.

Illustrations:

biography

Publication:

Japan

Imprint:

Springer Verlag, Japan

Returns:

Returnable

Some other items by this author:

CONSUMPTION TAX POLICY AND THE TAXATION OF CAPITAL INCOME (HB)

GOVERNMENT DEFICIT AND FISCAL REFORM IN JAPAN (HB)

GOVERNMENT DEFICIT AND FISCAL REFORM IN JAPAN (PB)