that the future of both political economy and of normative public finance lies somewhere between the two approaches. Some … of the specific questions addressed in the book include: does public finance need political economy? Should collective … choice play a role in the standard of reference used in normative public finance? What is a "failure" in a non-market or …

finance. The two-volume set encompasses numerous sections including the public sector in a market economy, market …, Real Tax Revenue, and the Case for Inflationary Finance: Theory with an Application to Argentina', International Monetary …- Intertemporal Approach, Chapters 1, 2, 3 and 4, Princeton, NJ: International Finance Section, Department of Economics, Princeton …