Edwin Seligman's lectures on public finance, 1927-1928 / Luca Fiorito, Marianne Johnson, Warren J. Samuels -- General considerations / History of public credit -- Finance and the science of finance : public finance and fiscal science -- History of the budget -- Historical development of public...

The United States provides a classic example of a bottom-up system of federalism. It was created in 1787 when representatives of the then 13 colonies convened to ratify a constitution under which both the central government and the states would be sovereign entities. Within certain...