Micro-Level Catallactic Public Finance
Journal of Public Finance and Public Choice, 2014. Vol 32(1-3). pp. 123-148
28 Pages Posted: 27 Aug 2014 Last revised: 16 Mar 2016
Date Written: June 1, 2014
This paper seeks to provide a sketch of a micro-level explanation of public finance. De Viti De Marco (1936) and Buchanan (1949) provide initial starting points for understanding this view of public finance, which was subsequently extended by Wagner (1992, 2007a) and Yoon (2000), among others. While these scholars focus on the fiscal commons created by communal property rights within public sectors, this paper focuses on the power to tax and provide public goods. Building off of Hebert and Wagner (2013), this paper provides a catallactic explanation of taxation and provision of public goods within the individualistic state, where the state is represented as the sum of its individual members acting in a collective capacity.
Keywords: Public Finance, Cattalaxy, Politics
JEL Classification: B53, D72, H21
Suggested Citation: Suggested Citation