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In this volume, Sir Alan Peacock, one of Britain's most noted public economists, poses the question as to whether the history of economic thought is an essential part of the training of public finance economists. He argues that the perspective gained by studying the origins of public choice analysis can offer an important stimulus to scientific progress. The first lecture analyses the increasing popularity in recent years of the modernist, anti-historical point of view. The second criticises those theories of growth in government expenditure which ignore the political process. The third lecture draws on Adam Smith and David Hume to extend the conventional economic model of bureaucracy. In the final lecture, Peacock considers the problem of controlling public sector growth and points to ways of overcoming them. The book ends with short commentaries by seven public economists.

Microeconomics --- Finance, Public --- Social choice --- Economics --- Finances publiques --- Choix collectif --- Economie politique --- History. --- Histoire --- politique economique --- politique budgetaire --- finances publiques --- histoire economique --- AA / International- internationaal --- 08 --- 330.580 --- 012 --- 330.48 --- 338.047 --- economisch beleid --- begrotingsbeleid --- openbare financien --- economische geschiedenis --- Biografieën en memoires. --- Gecontroleerde economie. Geleide economie. Welvaarststaat. Algemeenheden. --- Individuele bibliografieën van auteurs --- Neo-klassiekers en andere post-keynesiaanse theorieën. Public choice. Institutionalisten. Home economics. Analyseschool van de transactiekosten. --- Privé en openbare bedrijven. Openbare diensten. Gemengde economie. --- Choice, Social --- Collective choice --- Public choice --- Choice (Psychology) --- Social psychology --- Welfare economics --- History --- Biografieën en memoires --- Neo-klassiekers en andere post-keynesiaanse theorieën. Public choice. Institutionalisten. Home economics. Analyseschool van de transactiekosten --- Gecontroleerde economie. Geleide economie. Welvaarststaat. Algemeenheden --- Privé en openbare bedrijven. Openbare diensten. Gemengde economie --- Business, Economy and Management --- Finance, Public - History. --- Social choice - History. --- Economics - History.