Connecting Social Provisioning and Functional Finance in a Post Keynesian-Institutional Analysis of the Public Sector (original) (raw)

Financing of Public Services: from necessity to new solutions

CEEP Conference: The Public Services’ contribution to smart, sustainable and inclusive growth, 2011

What do we know about public service privatization and finance of public services from the 1970s? - The “Thatcher Revolution” - The Global Sectoral Approach of “Privatization International”. - Evolution: From boom to bust (1992-2000) - “Hirschman’s pendulum” - Privatisation and Nationalisation reversals (2001-2010) - Evaluation of privatization: SGEI - Foreign Direct Investment and Privatization - Thoughts on the future. Shifting Wealth and SWF.

Public Finance, the Public Sector and the General Government Sector

STATISTIKA, 2018

The aim of this paper is to bring a contribution to the clarification of the terms such as public finance, public sector or government which are widely used in economic analysis or in public finance management. In the Czech environment, those terms are understood differently across statistical, legislative or accounting domains. The paper illustrates a nuanced understanding currently existing. Apart from the illustrations of varying use, the content of terms in question and their mutual relation are explained and analysed from the point of view of a relevant statistical methodology. The paper concludes offering a more robust content of the term "public finance" in relation to the statistical data which are generally used as an illustration of public finance development.

Structure and Coherence in the Political Economy of Public Finance

No one can quarrel with the requirement that the budget plan should be designed to maximize social welfare… Musgrave and Peacock (1958, ix) At first sight it might be argued that anyone who set himself up as a judge and wished to establish standards for the distribution of expenditure or amounts of revenue different from those approved by Parliament, must belong to one of three categories: either he must be mentally the equal of that average intelligence [in Parliament], in which case he could not arrive at a different judgment; or he must be inferior to it, in which case his opinion would be less reliable; or he must be superior to it, which could not be proved. Pantaleoni (1883, 17) Economic journals continue to publish a steady stream of articles dealing with the public sector. Readers familiar with this literature will notice a crucial difference however. The field is passing through a transitional phase. A central paradigm – the model of the social planner – is losing its long-...