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Originally published in 1971, this book uses the famous Tinbergen/Theil approach to the theory of economic policy, demonstrating the place of fiscal policy in a realistic policy context. The volume marries analytical developments in macroeconomics to the influence on the economy of the system of public finance. Attention is given to the problem co-ordinating fiscal policy with other policy instruments, notably monetary policy. A final chapter discusses the problems encountered in applying fiscal policy models to real situations.
Originally published in 1961, this book became widely used as a textbook, as an important source of primary data on British government expenditure statistics and as the point of departure for further empirical and analytical studies of the behaviour of governments. The book was recognised as one of the formative influences in the development of a positive theory of government expenditure which sought to explain the size and structure of the system of public finance rather than justify it.
One of our most distinguished economists, Sir Alan Peacock, also happens to be a nonagenarian.
With an emphasis on skills not facts, this book for pupils describes over 100 activities. The investigations it covers are flexible enough to relate to any science course.
Is the history of economic thought an essential part of the training of public finance economists? Sir Alan Peacock argues that the perspective gained by studying the origins of public choice analysis can offer an important stimulus to scientific progress.
After nearly three and a half -- rather too exciting -- years as a young war-time sailor, Alan Peacock expected to return to a life of quiet contemplation. Instead he became an activist economist frequently engaged in controversies about the conduct of economic policy. This is his story.
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