Research Article

PUBLIC FINANCE: POLITICAL PHILOSOPHY, ECONOMIC THEORY AND PRACTICE

Number: 52 October 13, 2010
TR EN

PUBLIC FINANCE: POLITICAL PHILOSOPHY, ECONOMIC THEORY AND PRACTICE

Abstract

This paper provides a holistic overview of public finance and the issues relating to its sustainability. It argues that a strategic approach recognises that public finance must be considered in its totality as well as in terms of the services and welfare benefits on which it is spent and the sources from which it is raised. It considers the impact of the 2007-09 credit crunch on the public finances and provides a checklist of strategic points to assess sustainability. This list assumes the need to be prudent with public finance and provides a useful framework by which to ensure adoption of a truly integrative, strategic and sustainable approach to public sector spending, taxation, borrowing and debt. In doing so, it makes clear that there is considerable scope for more effective and discriminating use of public finance

Keywords

References

  1. Bailey S. J. (1999) Local Government Economics: Principles and Practice Basingstoke: Palgrave Macmillan.
  2. Bailey S. J. (2002) Public Sector Economics: Theory, Policy and Practice (2nd edition) Basingstoke: Palgrave Macmillan.
  3. Bailey S. J. (2004) Strategic Public Finance Basingstoke: Palgrave Macmillan.
  4. Bailey S. J. and Asenova D. (2009) The Impact of the 2007-09 Credit Crunch on the Funding of Public Sector Infrastructure in the UK Uprava Vol 7, No 1 [forthcoming].
  5. Fingland L. and Bailey S. J. (2008) The Stability and Growth Pact: Its Credibility and Sustainability Public Money and Management Vol 28, No 4 pp. 223-30.

Details

Primary Language

English

Subjects

Business Administration

Journal Section

Research Article

Publication Date

October 13, 2010

Submission Date

October 12, 2010

Acceptance Date

-

Published in Issue

Year 2009 Number: 52

APA
Bailey, S. (2010). PUBLIC FINANCE: POLITICAL PHILOSOPHY, ECONOMIC THEORY AND PRACTICE. Maliye Araştırma Merkezi Konferansları, 52, 177-190. https://izlik.org/JA22KT45LW
AMA
1.Bailey S. PUBLIC FINANCE: POLITICAL PHILOSOPHY, ECONOMIC THEORY AND PRACTICE. Maliye Araştırma Merkezi Konferansları. 2010;(52):177-190. https://izlik.org/JA22KT45LW
Chicago
Bailey, Stephen. 2010. “PUBLIC FINANCE: POLITICAL PHILOSOPHY, ECONOMIC THEORY AND PRACTICE”. Maliye Araştırma Merkezi Konferansları, nos. 52: 177-90. https://izlik.org/JA22KT45LW.
EndNote
Bailey S (October 1, 2010) PUBLIC FINANCE: POLITICAL PHILOSOPHY, ECONOMIC THEORY AND PRACTICE. Maliye Araştırma Merkezi Konferansları 52 177–190.
IEEE
[1]S. Bailey, “PUBLIC FINANCE: POLITICAL PHILOSOPHY, ECONOMIC THEORY AND PRACTICE”, Maliye Araştırma Merkezi Konferansları, no. 52, pp. 177–190, Oct. 2010, [Online]. Available: https://izlik.org/JA22KT45LW
ISNAD
Bailey, Stephen. “PUBLIC FINANCE: POLITICAL PHILOSOPHY, ECONOMIC THEORY AND PRACTICE”. Maliye Araştırma Merkezi Konferansları. 52 (October 1, 2010): 177-190. https://izlik.org/JA22KT45LW.
JAMA
1.Bailey S. PUBLIC FINANCE: POLITICAL PHILOSOPHY, ECONOMIC THEORY AND PRACTICE. Maliye Araştırma Merkezi Konferansları. 2010;:177–190.
MLA
Bailey, Stephen. “PUBLIC FINANCE: POLITICAL PHILOSOPHY, ECONOMIC THEORY AND PRACTICE”. Maliye Araştırma Merkezi Konferansları, no. 52, Oct. 2010, pp. 177-90, https://izlik.org/JA22KT45LW.
Vancouver
1.Stephen Bailey. PUBLIC FINANCE: POLITICAL PHILOSOPHY, ECONOMIC THEORY AND PRACTICE. Maliye Araştırma Merkezi Konferansları [Internet]. 2010 Oct. 1;(52):177-90. Available from: https://izlik.org/JA22KT45LW