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- W2588348538 abstract "Four decades have passed since our celebrant, then a young student at Johns Hopkins, attended my class in Public Finance. He was told that the fiscal system must address three concerns-the provision of public goods, equity in distribution and macro stability. The three branches of the budget, as I called them, should each meet their task while respecting the concerns of the others, so as to form a consistent policy (Musgrave, 1959). How much of this is still valid, and what needs to be corrected, whether because of advances in analysis, of shifting values or of changing events?" @default.
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- W2588348538 date "2001-01-01" @default.
- W2588348538 modified "2023-09-24" @default.
- W2588348538 title "10. THE SPEED OF ADJUSTMENT" @default.
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