IDEAS home Printed from https://ideas.repec.org/p/arx/papers/2306.11049.html
   My bibliography  Save this paper

Public Finance or Public Choice? The Scholastic Political Economy As an Essentialist Synthesis

Author

Listed:
  • Mohammadhosein Bahmanpour-Khalesi
  • Mohammadjavad Sharifzadeh

Abstract

Nowadays, it is thought that there are only two approaches to political economy: public finance and public choice; however, this research aims to introduce a new insight by investigating scholastic sources. We study the relevant classic books from the thirteenth to the seventeenth centuries and reevaluate the scholastic literature by doctrines of public finance and public choice. The findings confirm that the government is the institution for realizing the common good according to scholastic attitude. Therefore, scholastic thinkers saw a common mission for the government based on their essentialist attitude toward human happiness. Social conflicts and lack of social consent are the product of diversification in ends and desires; hence, if the end of humans were unified, there would be no conflict of interest. Accordingly, if the government acts according to its assigned mission, the lack of public consent is not significant. Based on the scholastic point of view this study introduces the third approach to political economy, which can be, consider an analytical synthesis among classical doctrines.

Suggested Citation

  • Mohammadhosein Bahmanpour-Khalesi & Mohammadjavad Sharifzadeh, 2023. "Public Finance or Public Choice? The Scholastic Political Economy As an Essentialist Synthesis," Papers 2306.11049, arXiv.org.
    • Handle: RePEc:arx:papers:2306.11049
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/2306.11049
    File Function: Latest version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Buchanan, James M, 1987. "The Constitution of Economic Policy," American Economic Review, American Economic Association, vol. 77(3), pages 243-250, June.
    2. Joseph E. Stiglitz, 1989. "Markets and Development," NBER Working Papers 2961, National Bureau of Economic Research, Inc.
    3. Steven G. Medema, 2007. "The Hesitant Hand: Mill, Sidgwick, and the Evolution of the Theory of Market Failure," History of Political Economy, Duke University Press, vol. 39(3), pages 331-358, Fall.
    4. Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65(2), pages 135-135.
    5. Stiglitz, Joseph E, 1989. "Markets, Market Failures, and Development," American Economic Review, American Economic Association, vol. 79(2), pages 197-203, May.
    6. Niehans, Jürg, 1993. "A Reassessment of Scholastic Monetary Theory," Journal of the History of Economic Thought, Cambridge University Press, vol. 15(2), pages 229-248, October.
    7. Odd Langholm, 1982. "Economic Freedom in Scholastic Thought," History of Political Economy, Duke University Press, vol. 14(2), pages 260-283, Summer.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mohammadhosein Bahmanpour-Khalesi & Mohammadjavad Sharifzadeh, 2024. "Public Finance or Public Choice? Scholastic Political Economy as an Essentialist Synthesis," Post-Print hal-04614845, HAL.
    2. Gospodarowicz, Marcin & Grochowska, Renata & Judzińska, Agnieszka & Łopaciuk, Wiesław & Manko, Stanislaw & Oliński, Marian & Wasilewski, Adam & Wigier, Marek, 2013. "CAP implementation in Poland - state and perspectives," Multiannual Program Reports 179500, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).
    3. Chechelski, Piotr & Grochowska, Renata & Łopaciuk, Wiesław & Ślązak, Emil & Wasilewski, Adam & Wigier, Marek, 2012. "Development est public policy support in the food economy – the example of Poland," Multiannual Program Reports 164845, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).
    4. Daniel D’Amico, 2012. "Comparative political economy when anarchism is on the table," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 25(1), pages 63-75, March.
    5. Chatterjee, Rittwik & Chattopadhyay, Srobonti, 2015. "Competition and Auctioning Licenses," MPRA Paper 67086, University Library of Munich, Germany.
    6. Arun Natarajan Hariharan & Arindam Biswas, 2020. "A Critical review of the Indian knowledge‐based industry location policy against its theoretical arguments," Regional Science Policy & Practice, Wiley Blackwell, vol. 12(3), pages 431-454, June.
    7. Paus, Eva, 1995. "Exports, economic growth and the consolidation of peace in El Salvador," World Development, Elsevier, vol. 23(12), pages 2173-2193, December.
    8. Schnellenbach, Jan & Schubert, Christian, 2015. "Behavioral political economy: A survey," European Journal of Political Economy, Elsevier, vol. 40(PB), pages 395-417.
    9. Fine, Ben, 2002. "Economics Imperialism and the New Development Economics as Kuhnian Paradigm Shift?," World Development, Elsevier, vol. 30(12), pages 2057-2070, December.
    10. Tang, Shui-Yan, 1995. "Informal credit markets and economic development in Taiwan," World Development, Elsevier, vol. 23(5), pages 845-855, May.
    11. Sanjaya Lall, 1996. "Understanding Technology Development," Palgrave Macmillan Books, in: Learning from the Asian Tigers, chapter 2, pages 27-58, Palgrave Macmillan.
    12. Anna Kadeřábková & Václav Šmejkal, 2007. "Podmínky podnikání v české republice při hodnocení institucionální kvality [Doing Business in the Czech Republic - an Assessment of Institutional Quality]," Politická ekonomie, Prague University of Economics and Business, vol. 2007(2), pages 164-182.
    13. Chen, Yongmin & Puttitanun, Thitima, 2005. "Intellectual property rights and innovation in developing countries," Journal of Development Economics, Elsevier, vol. 78(2), pages 474-493, December.
    14. Trofimov, Ivan D., 2017. "Political economy of trade protection and liberalization: in search of agency-based and holistic framework of policy change," MPRA Paper 79504, University Library of Munich, Germany.
    15. Fekadu Gelaw & Stijn Speelman & Guido Huylenbroeck, 2017. "Impacts of Institutional Intervention on Price Transmissions: The Case of the Ethiopian Commodity Exchange," Review of Development Economics, Wiley Blackwell, vol. 21(4), pages 88-106, November.
    16. Sagren Moodley, 2002. "Competing in the Digital Economy?: The Dynamics and Impacts of B2B E-commerce on the South African Manufacturing Sector," WIDER Working Paper Series DP2002-79, World Institute for Development Economic Research (UNU-WIDER).
    17. Morakinyo Akinola & Muller Colette & Sibanda Mabutho, 2018. "Non-Performing Loans, Banking System and Macroeconomy," Studia Universitatis Babeș-Bolyai Oeconomica, Sciendo, vol. 63(2), pages 67-86, August.
    18. Zoltan J. Acs & Saul Estrin & Tomasz Mickiewicz & László Szerb, 2018. "Entrepreneurship, institutional economics, and economic growth: an ecosystem perspective," Small Business Economics, Springer, vol. 51(2), pages 501-514, August.
    19. Jose Luis Retolaza & Leire San-Jose, 2021. "Understanding Social Accounting Based on Evidence," SAGE Open, , vol. 11(2), pages 21582440211, April.
    20. Olsen, Per Ingvar & Prenkert, Frans & Hoholm, Thomas & Harrison, Debbie, 2014. "The dynamics of networked power in a concentrated business network," Journal of Business Research, Elsevier, vol. 67(12), pages 2579-2589.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:arx:papers:2306.11049. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

    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.