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- W2284804598 abstract "Expositions of the theory of public finance mostly assume that taxation must be the primary instrument for generating revenue. This assumption is neither historically accurate nor theoretically necessary. Rather, it universalizes an institutional arrangement that is particular to the nation-state, where taxation is the prime instrument of public finance. In contrast to this system of parasitical public finance, we explore a system of entrepreneurial public finance within a setting of city-states where attraction and not compulsion dominates public finance. Cities are corporate bodies which can be organized under diverse institutional arrangements. We use the United Arab Emirates to illustrate our analysis of divergent systems of public finance." @default.
- W2284804598 created "2016-06-24" @default.
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- W2284804598 date "2012-01-01" @default.
- W2284804598 modified "2023-09-28" @default.
- W2284804598 title "Two Systems of Public Finance: Entrepreneurial and Parasitical" @default.
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- W2284804598 doi "https://doi.org/10.2139/ssrn.2113779" @default.
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