Public Economy

Public Economy

Public economics has a long history as a discipline within economics and many eminent economists have written on the subject. For example, Ricardo (1817) examined the effects of public debt, the impact of taxation on imperfectly competitive markets was analyzed by Cournot (1838), Edgeworth (1925) examined the effects of taxation on businesses multiproducts and Pareto (1909) defined the foundations of social decision-making. The explanation for this interest in the public economy is undoubtedly contained in the close link of the analysis with policy and application, which are the ultimate inspiration of most economists. Exposing a theoretical construct to policy analysis also highlights its value and provides a test of its relevance. However, it is also true that before good policy can be devised, an adequate theory must be developed. One of the challenges of the public economy is that a large part of the field is still in its infancy and that much remains to be done. Peer review refers to the work carried out during the pre-selection of submitted manuscripts and funding requests. This process encourages authors to adhere to accepted standards of their discipline and reduces the dissemination of irrelevant results, unjustified claims, unacceptable interpretations and personal opinions.


Last Updated on: Nov 25, 2024

Global Scientific Words in Business & Management