What Should be Produced, in What Way and for Whom? Searching for Response to the Main Question of Economics of Governance Cover Image

Co, jak a pro koho: hledání odpovědi na základní otázku ekonomie vládnutí
What Should be Produced, in What Way and for Whom? Searching for Response to the Main Question of Economics of Governance

Author(s): František Svoboda
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: government policy; private interest; public and private goods

Summary/Abstract: Fundamental questions of economics are: what should be produced, in what way and for whom. The same questions we can put in public economics. Due to differences in concepts of government we can find two different answers for the fundamental questions. The first, machiavellian, highlights private interest in governance. The second answer, by Paul A. Samuelson, accents economic necessity of some governmental services.

  • Issue Year: 56/2008
  • Issue No: 08
  • Page Range: 816-831
  • Page Count: 16
  • Language: Czech