{"product_id":"the-power-to-tax-analytical-foundations-of-fiscal-constitution-hardcover","title":"The Power to Tax: Analytical Foundations of Fiscal Constitution - Hardcover","description":"\u003cp\u003eby \u003cb\u003eGeoffrey Brennan\u003c\/b\u003e (Author), \u003cb\u003eJames M. Buchanan\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eCommenting on his collaboration with Geoffrey Brennan on \u003cstrong\u003e\u003cem\u003eThe Power to Tax\u003c\/em\u003e\u003c\/strong\u003e, James M. Buchanan says that the book is \"demonstrable proof of the value of genuine research collaboration across national-cultural boundaries.\" Buchanan goes on to say that \"\u003cem\u003eThe Power to Tax\u003c\/em\u003e is informed by a single idea--the implications of a revenue-maximizing government.\"\u003c\/p\u003e \u003cp\u003eOriginally published in 1980, \u003cem\u003eThe Power to Tax\u003c\/em\u003e was a much-needed answer to the tax revolts sweeping across the United States. It was a much-needed answer as well in the academic circles of tax theory, where orthodox public finance models were clearly inadequate to the needs at hand.\u003c\/p\u003e \u003cp\u003eThe public-choice approach to taxation which Buchanan had earlier elaborated stood in direct opposition to public-finance orthodoxy. What Buchanan and Brennan constructed in The Power to Tax was a middle ground between the two. As Brennan writes in the foreword, \"The underlying motivating question was simple: Why not borrow the motivational assumptions standard in public-choice theory and put them together with assumptions about policy-maker discretion taken from public-finance orthodoxy?\"\u003c\/p\u003e \u003cp\u003eThe result was a controversial book--and a much misunderstood one as well. Looking back twenty years later, Brennan feels confirmed in the rightness of the theories he and Buchanan espoused, particularly in their unity with the public-choice tradition: \"The insistence on motivational symmetry is a characteristic feature of the public choice approach, and it is in this dimension that \u003cem\u003eThe Power to Tax\u003c\/em\u003e and the orthodox public- finance approach diverge.\"\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003eJames M. Buchanan\u003c\/strong\u003e (1919-2013) was an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and was considered one of the greatest scholars of liberty in the twentieth century.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 278\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.7 x 9 x 6.1 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e August 01, 2000\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51758113030432,"sku":"9780865972292","price":30.24,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/e72652d2d61ee041d5ce5584eb2d3dd2_59a1d7f3-5fc3-4b7f-b253-fc30c4461a77.webp?v=1780118345","url":"https:\/\/ebocreations.com\/products\/the-power-to-tax-analytical-foundations-of-fiscal-constitution-hardcover","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}