The Public Sector in a Market Economy

  • Kurt Schmidt
Part of the Trade Policy Research Centre book series (TPRC)


Rarely has a prophecy been more completely fulfilled in economic and social life than Adolph Wagner’s thesis concerning the growth of state activity. The increase in the volume of spending and the corresponding growth in financial provision originates from a quantitative and qualitative expansion in the tasks of the public sector.


Public Sector Market Economy Economic System Public Expenditure Public Spending 
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Notes and References

  1. 1.
    Walter Eucken, Die Grundlagen der Nationalökonomie, 6th edn (Berlin, Göttingen and Heidelberg: Springer, 1950).CrossRefGoogle Scholar
  2. 2.
    Norbert Kloten, ‘Zur Typenlehre der Wirtschafts- und Gesellschafts-ordnungen’, in Ordo, Vol. 7, 1955, p. 123 et seq.Google Scholar
  3. 3.
    Arthur Cecil Pigou, A Study in Public Finance, 3rd edn (London: Macmillan, 1947).Google Scholar
  4. 4.
    Wilhelm Bickel, ‘Finanzwissenschaft und Statistik’, in Wilhelm Gerloff and Fritz Neumark, Handbuch der Finanzwissenschaft, Vol. 1, 2nd edn (Tübingen, J. C. B. Mohr [Paul Siebeck], 1952) p. 148.Google Scholar

Copyright information

© Trade Policy Research Centre 1989

Authors and Affiliations

  • Kurt Schmidt

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