This timely and important volume addresses the serious challenges faced by democracy in contemporary society. With contributions from some of the world's most prestigious scholars of public choice and political science, this comprehensive collection presents a complete overview of the threats...

1. Financial reform in Australia -- 2. Price stabilization, the banking crisis and financial reform in Brazil -- 3. Financial reform in Canada : past, present and future -- 4. Financial system reform in China -- 5. Financial reform in Germany -- 6. Financial reform in Hong Kong -- 7. Financial...

Contrasting architectonics for a theory of public finance -- Property, state and public finance -- State and market : a two-forum societal architecture -- Political entrepreneurship within the ecology of enterprises -- The economic organization of political enterprises -- Revenue extraction :...

1. Public sector shock in Europe : between structural reforms and quantitative adjustment / Daniel Vaughan-Whitehead -- 2. Public sector adjustment and the threat to gender equality / Jill Rubery -- 3. Early application of fiscal austerity measures in the Baltic states / Jaan Masso and Kerly...

Contents: Part I: Capitalism and financial crisis -- 1. Marx and the monetary business cycle -- 2. Marx and the emergence of debt markets -- 3. Rosa luxemburg and the marxists on finance -- Part II: Critical theories of finance in the twentieth century: Unstable money and finance -- 4. Ralph...

Money, Financial Instability and Stabilization Policy consists of original articles by leading Post Keynesians, Kaleckians and other heterodox economists from the developed and developing world. Post Keynesian literature has long been associated with the study of money, financial markets and...

Struggles over what a region receives, or should receive, from the budget of the central government are common to many countries. Discussions often focus on the measures of 'net fiscal flows' or 'fiscal balances' provided by the government or other actors. This unique book shows just how these...

This book analyzes political decentralization and fiscal federalism in Canada and Germany, both traditional federal countries, and in Spain, a unitarian country engaged in the last two decades in a process of decentralization. Three key issues required for a well designed financing system are...

An illustrious group of economists contribute to this volume honoring Dick Netzer, the public finance economist well-known for his research on state and local taxation, the provision of urban public services, and non-profit organizations. Following in his tradition, the contributors apply...

State and Local Finances under Pressure explores the future of state and local government fiscal systems given the numerous pressures they face from economic, legal, technological, demographic and political forces. It explores how these multiple forces play out in terms of the changes state and...