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The Fundamental Principles of a Pure Theory of Public Finance

In: Classics in the Theory of Public Finance

Author

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  • Giovanni Montemartini

Abstract

The pure science of public finance needs more than a theory of production and a theory of public wants.1 It needs also a theory of public enterprise, this latter theory being simply a particular aspect of the general theory of marginal productivity. In this way due account can be taken not only of the demand for public goods and services, but also of their supply, and an attempt can be made to find the conditions of equilibrium between demand and supply.

Suggested Citation

  • Giovanni Montemartini, 1958. "The Fundamental Principles of a Pure Theory of Public Finance," International Economic Association Series, in: Richard A. Musgrave & Alan T. Peacock (ed.), Classics in the Theory of Public Finance, pages 137-151, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-23426-4_8
    DOI: 10.1007/978-1-349-23426-4_8
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    Cited by:

    1. Francesco Forte, 2018. "Introduction to welfare economics," Public Choice, Springer, vol. 177(3), pages 301-317, December.

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