Abstract

AbstractWicksell's and Lindahl's ideas on public goods and decisions are reviewed in light of later developments in the theoretical economics literature. I begin by discussing their normative ideals, in particular the notion of justness, and the sources of the difficulties in reaching them. Wicksell's and Lindahl's ideal states, as well as the obstacles that they perceive, are compared to more recent views on free riding and on the behavior of elected representatives. Their views on political bargaining are then related to later concepts, in particular to the core of the economy.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.