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Public Choice and the Diffusion of Classic Italian Public Finance

Author

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  • Richard E. Wagner

    (George Mason University - Department of Economics)

Abstract

The period roughly bounded by 1880 and 1940 was one of great flourishing for Italian scholarship on public finance. They treated public finance not just as one specialized field among several within economics, but as an independent object of study, partly in economics but also concerned with politics, law, and administration as well. The Italian orientation diffused only slowly and incompletely into Anglo-Saxon public finance. This slow diffusion was doubtless due partly to the language barrier. But it is more than language that slowed the diffusion of this tradition. The intellectual orientation of Italian public finance also surely slowed its diffusion. The classical Italian orientation is catallactical. That clashed sharply with the dominant orientation of Anglo-Saxon public finance. It took the development of public choice theorizing starting in the 1960s to prepare the intellectual climate for a more favourable reception for the classic Italian themes in public finance. Public choice theory has been the primary intellectual vehicle by which Italian public finance has diffused into Anglo-Saxon public finance, and the intellectual fortunes of the two are tied closely together.

Suggested Citation

  • Richard E. Wagner, 2003. "Public Choice and the Diffusion of Classic Italian Public Finance," Il Pensiero Economico Italiano, Fabrizio Serra Editore, Pisa - Roma, vol. 11(1), pages 271-282.
    • Handle: RePEc:pei:journl:v:11:y:2003:1:12:p:271-282
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    Cited by:

    1. Vicini, Andrea, 2011. "On the origins and main consequences of fiscal illusion. a short tribute to a big Economist: James Buchanan," MPRA Paper 60240, University Library of Munich, Germany, revised Oct 2014.
    2. Claudio Balestri, 2014. "Political Organizations, Interest Groups and Citizens Engagement: An Integrated Model of Democracy," Public Organization Review, Springer, vol. 14(4), pages 533-543, December.
    3. Michele G. Giuranno & Manuela Mosca, 2018. "Political realism and models of the state: Antonio de Viti de Marco and the origins of public choice," Public Choice, Springer, vol. 175(3), pages 325-345, June.
    4. Anthony Evans, 2014. "A subjectivist’s solution to the limits of public choice," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 27(1), pages 23-44, March.
    5. Roberto Dell'Anno & Vincenzo Maria De Rosa, 2013. "The Relevance of the Theory of Fiscal Illusion. The Case of the Italian Tax System," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2013(2), pages 63-92.
    6. Richard E. Wagner, 2012. "Deficits, Debt, and Democracy," Books, Edward Elgar Publishing, number 14477.

    More about this item

    Keywords

    Classic Italian public finance; Public Choice;

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • B19 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Other
    • B29 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Other

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