The Failure of Public Finance

28 Pages Posted: 10 Jul 2011

See all articles by Walter E. Block

Walter E. Block

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business

William F. Kordsmeier

University of Central Arkansas

Joseph Horton

affiliation not provided to SSRN

Date Written: 1999

Abstract

A number of explanations are commonly presented in public finance texts as reasons why government intervention in the economy will improve performance. This paper questions the validity of each of them. The paper examines the merit goods argument, equity considerations, growth and development and stabilization and finds the arguments offered in their behalf to be unpersuasive. Public finance as presented in textbooks is seen as relying on rather dubious normative arguments.

Suggested Citation

Block, Walter E. and Kordsmeier, William F. and Horton, Joseph, The Failure of Public Finance (1999). Journal of Accounting, Ethics and Public Policy, Vol. 2, No. 1, 1999. Available at SSRN: https://ssrn.com/abstract=1881057

Walter E. Block (Contact Author)

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business ( email )

6363 St. Charles Avenue
Box 15, Miller 321
New Orleans, LA 70118
United States
(504) 864-7944 (Phone)
(504) 864-7970 (Fax)

William F. Kordsmeier

University of Central Arkansas ( email )

Conway, AR 72035-0001
United States

Joseph Horton

affiliation not provided to SSRN

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