IDEAS home Printed from https://ideas.repec.org/a/taf/eujhet/v30y2023i5p713-738.html
   My bibliography  Save this article

Theorising public expenditures: welfare theorems, market failures, and the turn from “public finance” to “public economics”

Author

Listed:
  • Steven G. Medema

Abstract

Public expenditure theory is a late-comer to the field of public finance, despite laments over the lack of such a theory dating to the late 1800s. This paper documents and attempts to explain this transformation, locating its origins in Richard Musgrave’s normative theory of the public household and the adoption by subsequent thinkers of new developments in welfare theory, which was seen to offer a theoretically sophisticated a vision of the state’s role as a response to the problem of market failure.

Suggested Citation

  • Steven G. Medema, 2023. "Theorising public expenditures: welfare theorems, market failures, and the turn from “public finance” to “public economics”," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 30(5), pages 713-738, September.
    • Handle: RePEc:taf:eujhet:v:30:y:2023:i:5:p:713-738
    DOI: 10.1080/09672567.2023.2248320
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09672567.2023.2248320
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09672567.2023.2248320?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zhongshun Gong & Ye Yuan & Lu Qie & Sihua Huang & Xuefeng Xie & Rui Zhong & Lijie Pu, 2023. "Spatiotemporal Differentiation and Coupling Coordination Relationship of the Production–Living–Ecological Function at County Scale: A Case Study of Jiangsu Province," Land, MDPI, vol. 12(11), pages 1-21, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:eujhet:v:30:y:2023:i:5:p:713-738. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/REJH20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.