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The Output of Governments

  • Albert Breton
Part of the Case Studies in Economics book series (STEC)

Abstract

Our knowledge of the public sector is so scant that we do not even have an accepted definition of the output of governments. In this chapter I suggest a definition that is consistent with and indeed inspired by the theory of public decision-making developed in subsequent chapters. Consequently, I depart from current accounting definitions but suggest a way of moving from the theoretically correct definition to the accounting ones since empirical work can only be based on the latter.

Keywords

Public Good Policy Instrument Institutional Arrangement Policy Objective Private Good 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Albert Breton 1974

Authors and Affiliations

  • Albert Breton
    • 1
  1. 1.University of TorontoCanada

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