Institutionalism was the dominant approach to public finance prior to World War II, after which it was eclipsed by Pigouvianism and Keynesianism. This transition defined the career of Wisconsin's Harold M. Groves (1897-1969). Groves was a notable public finance economist, leading textbook...

This paper examines the institutionalization of public finance as a subfield of economics in American universities from the founding of professional academic economics departments in the 1880's through the eve of the Great Depression. To do so, we examine the development of a community of...

Purpose – Wicksell's contributions to welfare economics are viewed as largely aligned with Pareto efficiency and James Buchanan's work in public choice. This conflicts with the Scandinavian representation of Wicksell as the forefather of the modern Swedish socialist economy. The purpose of...

Purpose – Wicksell's contributions to welfare economics are viewed as largely aligned with Pareto efficiency and James Buchanan's work in public choice. This conflicts with the Scandinavian representation of Wicksell as the forefather of the modern Swedish socialist economy. The purpose of...