Review article
THEORY OF PUBLIC CHOICE AND FINANCING PUBLIC SECTOR IN HIGHLY DEVELOPED COUNTRIES
Ivan Vuković
; Faculty of Tourism, Opatija, Croatia
Abstract
The author gives a short account of his broadly-based studies on the theory of public choice and the financing of the public sector in the industrialised countries of the world. In this context, first the definition of the theory of choice and its relation to the financing of the public sector is given. Then there is a shorter review of the evolution of the theory of public choice in the history of human development, with special focus on the latest trends. Then the author explores the fundamental principles of public choice in the functioning of the contemporary state and its consequences for the economic and social development of the developed countries. In the end, the author lists the essential requirements regarding the possibility of the implementation of the theory of public choice in the Croatian theory and practice when making the collective decisions regarding the financing of public needs.
Keywords
Hrčak ID:
105678
URI
Publication date:
18.11.1997.
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