The purpose of this book is to discuss the issues involved in and to make a contribution to the endogenization of public sector behaviour in macroeconomic models. To that end, the traditional theory of economic policy is critically reviewed as well as the existing literature on the impact of...

The subject and purpose of this book is to make a contribution to the development and application of political economic models. The point of departure is the public choice literature, and in particular the interest function approach to government behaviour. The book gives a critical and...

This book studies the consequences of demographic change for optimal economic growth in a closed economy. It connects the analytical tools of traditional growth theory with the actual demographic experience of most industrialized countries. A natural way of incorporating the demographic...

This book studies the dichotomy between real exchange and the monetary economy. Money has substantial nonneutral effects because other goods on the market have to compete with its unique costless liquidity services. Wealth holders, for instance, will only spend their money on goods the pecuniary...

In recent years, population economics has become increasingly popular in both economic and policy analysis. For the inquiry into the long term development of an economy, the interaction between demographic change and economic activity cannot be neglected without omitting major aspects of the...

This study offers a theoretical discussion of equity and efficiency aspects of income taxation. The analysis is carried out on two levels. The first one concerns the axiomatic derivation of certain tax principles in the framework of social choice theory. Normative characterizations of the two...