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Opinions of Theorists about Public Finance and Their Reflection on the Development of the Economy and the State

Yıl 2021, , 47 - 62, 30.06.2021
https://doi.org/10.30927/ijpf.884569

Öz

As a science of economics, public finance uses theories and methods to explain government programs and policies that flow in this area. The paper analyses the views of contemporary theorists, aiming to show how economists at different times gave their opinions on the categories of public finance. The theorists with the most popular views on modern finance and economics are Barro, Zuckerman, Friedman, Samuelson, Tanzi, Hyman, Lecciseti, Rosen, Heller, Meltzer, Perotti, Aleksina, Dickinson, Blanchard, Krugman, Corsetti, Rubin, Stiglitz and others. As an object of interest, we find English authors such as Hobbes, Locke, Hume, Ricardo and Mill (1985). In Germany, Malchus, later K. H. Rau, theorists such as Lorenz von Stein, Albert Schafle, Adolf Wanger and others, made a great contribution to the development of public finance. In Italy, we singled out Bandini, Pascoli, Brogi, who contributed to the unified tax system, while Pascoli and Brogi, regarding the tax system according to yields and customer tax. Cossi, Pantheon, Flore, De Viti de Marco and Graziani addressed the relationship between those who pay taxes and the state that provides public services. In France, R. Stourm also contributed to the budget and budget problems, P. Leroy-Beaulieu contributed to the problems of income, expenditure and tax principles against any progressive measures in the imposition of the tax, as well as the theorist Gaston Jèze. In the U.S., in addition to theorists like F. Seligman and Adams, we also notice Keynes's opponents, who were the economists Friedman and Meiselman.

Destekleyen Kurum

University of Gjilan

Kaynakça

  • Abuselidze, G. (2020). Optimality of Tax Policy on the Basis of Comparative Analysis of Income Taxation. European Journal of Sustainable Development, 9(1): 272-293.
  • Alexina, A., & Perotti, R. (1995). Fiscal Expansions and Adjustments in OECD Countries, June 1995, published in October 1995.
  • Barro, R. (1979). On the determination of the public debt. Journal of Political Economy 87(5): 940-971.
  • Bonzu S. (2018). The Macroeconomics of Fiscal Policy in Sierra Leone: An Empirical Investigation of Fiscal Sustainability, Fiscal Policy Shocks, and the Tax Smoothing Hypothesis. Royal Holloway, University of London.
  • Brkić, I. (2020). The relationship between economic freedom and economic growth in EU countries. Thesis Ph.D., Universitat Jaume-i.
  • Brajshori, B. (2014). Public Finances, Pristina, Kosovo.
  • Cukierman, A, & Maltzer, A. (1989). Political Theory of Government Debt and Deficits in a Neo-Ricardian Framework, 79, 713-732.
  • Case, K. (2008). Musgrave’s vision of the public sector: the complex relationship between individual, society and state in public good theory. Journal of Economics and Finance, Springer; Academy of Economics and Finance, 32(4), 348-355.
  • Ermano, P.(2011).Voice regarding progressive taxation. Problemy Polityki Społecznej, 16, 39–57.
  • Filipovic, H. (1965). Finance Science, Pristina, Kosovo.
  • Filipoviç, H. (1976). Science on Finance, Pristina, Kosovo.
  • Henderson, D.(2007).Classics of Economic Thinking, from the beginning to the present day, 66-185.
  • Hettich, W., & Winer, S. (1988). Economic and Political Foundations of Tax Structure, American Economic Review, 78: 701-712.
  • Hung, D., & Chiat, C. (2003). Intertemporal excess burden, bequest motives and the budget deficit, Washington DC 20433, USA.
  • Hyman, D. (2010). Public Finance, Contemporary Application of Theory to Policy, Copyright 2010 Cengage Galasso Learning. North Carolina State University, USA.
  • Profeta P. (2002). The political economy of social security: a survey. European Journal of Political Economy, 18(1), 1-29.
  • Lundberg, E. (1977). Inflation Theory and Anti-Inflation Policy. Proceedings of a Conference held by the International Economic Association at Saltsjöbaden, Sweden.
  • Lici, E. Dika I.(2016). Empirical evinces of political budget cycle: Case of Albanian budget revenue. International Journal of Economics, Commerce and Management United Kingdon. IV (11), 59- 67.
  • Jelçiç, B. (2001). Public Finances, Zagreb, Croatia.
  • Jelçiç, B. (1985). Science on Finances and Financial Law, Pristina, Kosovo.
  • Kleinewesfer, H.,& Pfifer, R.(1978). Die Schweizer Wolksvwirtschaft Verlaghauber Freundfeld.
  • Muço, K. (2017). Public Debt and Economic Growth, Panorama, 19 February 2017, http://shtetiweb.org/2017/02/19/borxhi-publik-dhe-rritja-ekonomike/
  • Komoni, S. (2008). Financat, Pristina, Kosovo.
  • Krajewski, P., & Mackiewicz, M.(2005). Fiscal deficit, size of the public sector and investment rate – a panel study. 1-20.
  • Krajewski, P., & Obstfeld, M. (1994). International Economics, Theory and Policies, Third Edition. Copyright.
  • Kryeziu, R.(2013). Development of Public Finance in the Republic of Kosovo. Thesis Ph.D. University of Tirana, Faculty of Economics.
  • Kryeziu, R. (2014). Public Finances, Pristina, Kosovo.
  • Kryeziu, R. (2009). Foreign Direct Investments in the Republic of Kosovo and Their Impact in Economic Development. International Conference, Management Challenges During the Transition, 28-29 April 2009, Tirana, Faculty of Economics, University of Tirana.
  • Leccisoti, M. (2000). Lectures on Finance Science, Elite-Publishing House & Libraries, Tirana.
  • Meltzer, Allan H., (2010). A History of the Federal Reserve, Volume 2, Book 1, 1951-1969. Chicago, University of Chicago Press.
  • Musgrave, R.(1959).The theory of public finance: a study in public economy. McGraw-Hill, New York.
  • Mehmeti, F., & Dragaj, A. (2019). Fiscal policy in Kosovo and its impact on economic development. Knowledge International Journal, 26(6), 1693-1701.
  • Mohun P. Odit, K. Dookhan, S. Fauzel. (2010) The Impact Of Education On Economic Growth: The Case Of Mauritius. International Business & Economics Research Journal (IBER), 9(8), 141-152.
  • Orszag, P. & Fellow, J. (2004). The Budget Deficit Does It Matter? City Club of Cleveland, July 16.
  • Ricardo, D. (1817). On Principles of Political Economy and Taxation. https://socialsciences.mcmaster.ca/econ/ugcm/3ll3/ricardo/Principles.pdf
  • Ristic, Z. & Jovanoviç, D. (1992). Komparativni fiskalni sistem, Beograd.
  • Rosen, H. (2003). Public Finance Department of Economics, University Piketon, Altin, Tirana, 2003.
  • Roubini and Sachs (1989). Political and Economic Determinants of Budget Deficits. European Economic Review 33 (5): 903-933.
  • Rowley, C. K. Schneider F. (2010). Readings in Public Choice and Constitutional Political Economy. Springer.
  • Profeta, P. (2003) Tax Systems and tax reforms in Europe: Public Finance an political economics, SIEP WP 183/2003.
  • Pavia, January. Rawls, J. (2001), Justice as fairness: A restatement, Cambridge, Mass.: The Harvard University Press.
  • Selimaj, A. X., Statovci, B., Lokaj, A. S., & Beqiri, E. (2020). The Impact of Public Debt in Economic Growth. Academic Journal of Interdisciplinary Studies, 9(4), 177-186. https://doi.org/10.36941/ajis-2020-0072.
  • Sheikh M. et al. (2010): "Domestic Debt and Economic Growth in Pakistan: An Empirical Analysis", Pakistan Journal of Social Sciences (PJSS), 30 (2) 373-387.
  • Tanzi, V. (2005) The Economic Role of the State in the 21st Century, Cato Journal, Cato Institute, 25(3), 617-638.
  • Tanzi, V. (1999). Transition and the Changing Role of Government. Finance & Development, (36)2.
  • Trotman, D. (1996). Economics of the Public Sector, first published in 1996, Printed in Malaysia.
  • Wagnerit, A. (1890). Finanzwisenschaft, Leipzig.
  • Winer, Stanley L.; Ferris, J Stephen (2003). Searching for Keynes: An Essay on the Political Economy of Fiscal Policy, with Application to Canada, 1870-2000 - revised version, CESifo Working Paper, No. 1016, Center for Economic Studies and ifo Institute (CESifo), Munich.

Opinions of Theorists about Public Finance and Their Reflection on the Development of the Economy and the State

Yıl 2021, , 47 - 62, 30.06.2021
https://doi.org/10.30927/ijpf.884569

Öz

As a science of economics, public finance uses theories and methods to explain government programs and policies that flow in this area. The paper analyses the views of contemporary theorists, aiming to show how economists at different times gave their opinions on the categories of public finance. The theorists with the most popular views on modern finance and economics are Barro, Zuckerman, Friedman, Samuelson, Tanzi, Hyman, Lecciseti, Rosen, Heller, Meltzer, Perotti, Aleksina, Dickinson, Blanchard, Krugman, Corsetti, Rubin, Stiglitz and others. As an object of interest, we find English authors such as Hobbes, Locke, Hume, Ricardo and Mill (1985). In Germany, Malchus, later K. H. Rau, theorists such as Lorenz von Stein, Albert Schafle, Adolf Wanger and others, made a great contribution to the development of public finance. In Italy, we singled out Bandini, Pascoli, Brogi, who contributed to the unified tax system, while Pascoli and Brogi, regarding the tax system according to yields and customer tax. Cossi, Pantheon, Flore, De Viti de Marco and Graziani addressed the relationship between those who pay taxes and the state that provides public services. In France, R. Stourm also contributed to the budget and budget problems, P. Leroy-Beaulieu contributed to the problems of income, expenditure and tax principles against any progressive measures in the imposition of the tax, as well as the theorist Gaston Jèze. In the U.S., in addition to theorists like F. Seligman and Adams, we also notice Keynes's opponents, who were the economists Friedman and Meiselman.

Kaynakça

  • Abuselidze, G. (2020). Optimality of Tax Policy on the Basis of Comparative Analysis of Income Taxation. European Journal of Sustainable Development, 9(1): 272-293.
  • Alexina, A., & Perotti, R. (1995). Fiscal Expansions and Adjustments in OECD Countries, June 1995, published in October 1995.
  • Barro, R. (1979). On the determination of the public debt. Journal of Political Economy 87(5): 940-971.
  • Bonzu S. (2018). The Macroeconomics of Fiscal Policy in Sierra Leone: An Empirical Investigation of Fiscal Sustainability, Fiscal Policy Shocks, and the Tax Smoothing Hypothesis. Royal Holloway, University of London.
  • Brkić, I. (2020). The relationship between economic freedom and economic growth in EU countries. Thesis Ph.D., Universitat Jaume-i.
  • Brajshori, B. (2014). Public Finances, Pristina, Kosovo.
  • Cukierman, A, & Maltzer, A. (1989). Political Theory of Government Debt and Deficits in a Neo-Ricardian Framework, 79, 713-732.
  • Case, K. (2008). Musgrave’s vision of the public sector: the complex relationship between individual, society and state in public good theory. Journal of Economics and Finance, Springer; Academy of Economics and Finance, 32(4), 348-355.
  • Ermano, P.(2011).Voice regarding progressive taxation. Problemy Polityki Społecznej, 16, 39–57.
  • Filipovic, H. (1965). Finance Science, Pristina, Kosovo.
  • Filipoviç, H. (1976). Science on Finance, Pristina, Kosovo.
  • Henderson, D.(2007).Classics of Economic Thinking, from the beginning to the present day, 66-185.
  • Hettich, W., & Winer, S. (1988). Economic and Political Foundations of Tax Structure, American Economic Review, 78: 701-712.
  • Hung, D., & Chiat, C. (2003). Intertemporal excess burden, bequest motives and the budget deficit, Washington DC 20433, USA.
  • Hyman, D. (2010). Public Finance, Contemporary Application of Theory to Policy, Copyright 2010 Cengage Galasso Learning. North Carolina State University, USA.
  • Profeta P. (2002). The political economy of social security: a survey. European Journal of Political Economy, 18(1), 1-29.
  • Lundberg, E. (1977). Inflation Theory and Anti-Inflation Policy. Proceedings of a Conference held by the International Economic Association at Saltsjöbaden, Sweden.
  • Lici, E. Dika I.(2016). Empirical evinces of political budget cycle: Case of Albanian budget revenue. International Journal of Economics, Commerce and Management United Kingdon. IV (11), 59- 67.
  • Jelçiç, B. (2001). Public Finances, Zagreb, Croatia.
  • Jelçiç, B. (1985). Science on Finances and Financial Law, Pristina, Kosovo.
  • Kleinewesfer, H.,& Pfifer, R.(1978). Die Schweizer Wolksvwirtschaft Verlaghauber Freundfeld.
  • Muço, K. (2017). Public Debt and Economic Growth, Panorama, 19 February 2017, http://shtetiweb.org/2017/02/19/borxhi-publik-dhe-rritja-ekonomike/
  • Komoni, S. (2008). Financat, Pristina, Kosovo.
  • Krajewski, P., & Mackiewicz, M.(2005). Fiscal deficit, size of the public sector and investment rate – a panel study. 1-20.
  • Krajewski, P., & Obstfeld, M. (1994). International Economics, Theory and Policies, Third Edition. Copyright.
  • Kryeziu, R.(2013). Development of Public Finance in the Republic of Kosovo. Thesis Ph.D. University of Tirana, Faculty of Economics.
  • Kryeziu, R. (2014). Public Finances, Pristina, Kosovo.
  • Kryeziu, R. (2009). Foreign Direct Investments in the Republic of Kosovo and Their Impact in Economic Development. International Conference, Management Challenges During the Transition, 28-29 April 2009, Tirana, Faculty of Economics, University of Tirana.
  • Leccisoti, M. (2000). Lectures on Finance Science, Elite-Publishing House & Libraries, Tirana.
  • Meltzer, Allan H., (2010). A History of the Federal Reserve, Volume 2, Book 1, 1951-1969. Chicago, University of Chicago Press.
  • Musgrave, R.(1959).The theory of public finance: a study in public economy. McGraw-Hill, New York.
  • Mehmeti, F., & Dragaj, A. (2019). Fiscal policy in Kosovo and its impact on economic development. Knowledge International Journal, 26(6), 1693-1701.
  • Mohun P. Odit, K. Dookhan, S. Fauzel. (2010) The Impact Of Education On Economic Growth: The Case Of Mauritius. International Business & Economics Research Journal (IBER), 9(8), 141-152.
  • Orszag, P. & Fellow, J. (2004). The Budget Deficit Does It Matter? City Club of Cleveland, July 16.
  • Ricardo, D. (1817). On Principles of Political Economy and Taxation. https://socialsciences.mcmaster.ca/econ/ugcm/3ll3/ricardo/Principles.pdf
  • Ristic, Z. & Jovanoviç, D. (1992). Komparativni fiskalni sistem, Beograd.
  • Rosen, H. (2003). Public Finance Department of Economics, University Piketon, Altin, Tirana, 2003.
  • Roubini and Sachs (1989). Political and Economic Determinants of Budget Deficits. European Economic Review 33 (5): 903-933.
  • Rowley, C. K. Schneider F. (2010). Readings in Public Choice and Constitutional Political Economy. Springer.
  • Profeta, P. (2003) Tax Systems and tax reforms in Europe: Public Finance an political economics, SIEP WP 183/2003.
  • Pavia, January. Rawls, J. (2001), Justice as fairness: A restatement, Cambridge, Mass.: The Harvard University Press.
  • Selimaj, A. X., Statovci, B., Lokaj, A. S., & Beqiri, E. (2020). The Impact of Public Debt in Economic Growth. Academic Journal of Interdisciplinary Studies, 9(4), 177-186. https://doi.org/10.36941/ajis-2020-0072.
  • Sheikh M. et al. (2010): "Domestic Debt and Economic Growth in Pakistan: An Empirical Analysis", Pakistan Journal of Social Sciences (PJSS), 30 (2) 373-387.
  • Tanzi, V. (2005) The Economic Role of the State in the 21st Century, Cato Journal, Cato Institute, 25(3), 617-638.
  • Tanzi, V. (1999). Transition and the Changing Role of Government. Finance & Development, (36)2.
  • Trotman, D. (1996). Economics of the Public Sector, first published in 1996, Printed in Malaysia.
  • Wagnerit, A. (1890). Finanzwisenschaft, Leipzig.
  • Winer, Stanley L.; Ferris, J Stephen (2003). Searching for Keynes: An Essay on the Political Economy of Fiscal Policy, with Application to Canada, 1870-2000 - revised version, CESifo Working Paper, No. 1016, Center for Economic Studies and ifo Institute (CESifo), Munich.
Toplam 48 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Ekonomi
Bölüm Makaleler
Yazarlar

Refik Kryeziu 0000-0001-8628-6166

Yayımlanma Tarihi 30 Haziran 2021
Gönderilme Tarihi 22 Şubat 2021
Kabul Tarihi 21 Mayıs 2021
Yayımlandığı Sayı Yıl 2021

Kaynak Göster

APA Kryeziu, R. (2021). Opinions of Theorists about Public Finance and Their Reflection on the Development of the Economy and the State. International Journal of Public Finance, 6(1), 47-62. https://doi.org/10.30927/ijpf.884569

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