IDEAS home Printed from https://ideas.repec.org/a/taf/fosoec/v42y2013i4p359-378.html
   My bibliography  Save this article

Core Concepts of Institutionalist Public Finance: Problem Solving, Institutional Analysis, Strategic Choice, and Stakeholder Engagement

Author

Listed:
  • Charles J. Whalen

Abstract

Citizens and policymakers in many nations are becoming increasingly concerned about large budget deficits and mounting long-term fiscal policy challenges. At the same time, slow economic growth in the United States and Europe is causing some people to demand more government spending (and lower taxes) and others to question the efficacy of fiscal policy. Against that backdrop, institutional economists are exhibiting renewed interest in the field of public finance. This article responds by outlining four core concepts of institutionalist public finance: problem solving, institutional analysis, strategic choice, and stakeholder engagement. What distinguishes the perspective of institutionalism from that of neoclassical economics, today's dominant economic paradigm, is described in the course of the discussion. The core concepts of institutionalist public finance offer a coherent approach to the study of fiscal policy questions. Those concepts were first fashioned decades ago, but remain relevant: institutionalism continues to provide a solid basis for constructive analyses of fiscal challenges.

Suggested Citation

  • Charles J. Whalen, 2013. "Core Concepts of Institutionalist Public Finance: Problem Solving, Institutional Analysis, Strategic Choice, and Stakeholder Engagement," Forum for Social Economics, Taylor & Francis Journals, vol. 42(4), pages 359-378, November.
    • Handle: RePEc:taf:fosoec:v:42:y:2013:i:4:p:359-378
    DOI: 10.1080/07360932.2012.727360
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/07360932.2012.727360
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/07360932.2012.727360?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.

    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:fosoec:v:42:y:2013:i:4:p:359-378. 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/RFSE20 .

    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.