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Wicksell, Lindahl and the Theory of Public Goods

Wicksell, Lindahl and the Theory of Public Goods Wicksell's and Lindahl's ideas on public goods and decisions are reviewed in light of later developments in the theoretical economics literature. I begin by discussing their normative ideals, in particular the notion of justness, and the sources of the difficulties in reaching them. Wicksell's and Lindahl's ideal states, as well as the obstacles that they perceive, are compared to more recent views on free riding and on the behavior of elected representatives. Their views on political bargaining are then related to later concepts, in particular to the core of the economy. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Scandinavian Journal of Economics Wiley

Wicksell, Lindahl and the Theory of Public Goods

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References (54)

Publisher
Wiley
Copyright
Copyright © 2003 Wiley Subscription Services, Inc., A Wiley Company
ISSN
0347-0520
eISSN
1467-9442
DOI
10.1111/j.0347-0520.2003.00002.x
Publisher site
See Article on Publisher Site

Abstract

Wicksell's and Lindahl's ideas on public goods and decisions are reviewed in light of later developments in the theoretical economics literature. I begin by discussing their normative ideals, in particular the notion of justness, and the sources of the difficulties in reaching them. Wicksell's and Lindahl's ideal states, as well as the obstacles that they perceive, are compared to more recent views on free riding and on the behavior of elected representatives. Their views on political bargaining are then related to later concepts, in particular to the core of the economy.

Journal

The Scandinavian Journal of EconomicsWiley

Published: Dec 1, 2003

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