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The Fundamental Principles of a Pure Theory of Public Finance

  • Giovanni Montemartini
Chapter
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Part of the International Economic Association Series book series (IEA)

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.

Keywords

Collective Action Coercive Force Marginal Productivity Political Organization Entire Community 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© International Economic Association 1958

Authors and Affiliations

  • Giovanni Montemartini

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