Raising Public Finance

  • Stephen J. Bailey


Whilst previous chapters considered strategic issues relating to the relative scale and spending of public finance, they provided only limited guidance as to which particular source of public finance should be utilised, reference being made only to taxes and user-charges. The property rights analysis of Chapter 2 made clear the theoretical justifications for both charges (in the form of market prices) and taxes, sole reliance on market prices being justified when property rights are clearly established and fully enforceable. Where they exist but are not fully enforceable, then taxes and prices can complement each other in modifying property rights, for example by taxing activities that create pollution or other environmental costs.


Public Sector Public Service Private Partnership Strategic Issue Intergenerational Equity 
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Further Reading

  1. Bailey, S. J. (1999) Local Government Economics: Principles and Practice (Basingstoke: Macmillan –— now Palgrave Macmillan) [Chapter 7 on user-charges].CrossRefGoogle Scholar
  2. Bailey, S. J. (2002) Public Sector Economics: Theory, Policy and Practice (second edition) (Basingstoke: Palgrave–now Palgrave Macmillan) [Chapter 6 on user charges, Chapter 10 on taxation, Chapter 11 on borrowing].Google Scholar
  3. Bailey, S. J. and Bruce, A. (1994) ‘Funding the National Health Service: the Continuing Search for Alternatives’ Journal of Social Policy vol. 23, no. 4, pp. 489–516.CrossRefGoogle Scholar
  4. Ball, R., Heafey, M. and King, D. (2001) ‘Private Finance Initiative–A Good Deal for the Public Purse or a Drain on Future Generations?’ Policy and Politics vol. 29, no. 1, pp. 95–108.CrossRefGoogle Scholar
  5. Berg, S. V., Pollitt, M. G. and Tsuji, M. (2002) Private Initiatives in Infrastructure: Priorities, Incentives and Performance (Cheltenham: Edward Elgar).Google Scholar
  6. Brannlund, R. and Gren, I-M. (1999) Green Taxes: Economic Theory and Empirical Evidence from Scandinavia (Cheltenham: Edward Elgar).Google Scholar
  7. Commission on Taxation and Citizenship (2000) Paying for Progress: A New Politics of Tax for Public Spending (London: Fabian Society).Google Scholar
  8. DTLGR (2001) Working Together: Effective Partnering Between Local Government and Business for Service Delivery (London: Department for Transport, Local Government and the Regions).Google Scholar
  9. Gladstone, D. (1997) (editor) How to Pay for Health Care: Public and Private Alternatives IEA Health and Welfare Unit Choice in Welfare No. 37 (London: Institute of Economic Affairs).Google Scholar
  10. Heald, D. and Geaughan, N. (1999) The Private Financing of Public Infrastructure. In G. Stoker (editor) The New Management of British Local Governance (Basingstoke: Macmillan–now Palgrave Macmillan).Google Scholar
  11. Hughes, P., Poole, F. and Seely, A. (1997) Green Taxes House of Commons Research Paper 97/46 (London: House of Commons Library).Google Scholar
  12. LGA (1999) Environmental Taxation: A Discussion Paper (London: Local Government Association).Google Scholar
  13. Meade, J. E. (1978) The Structure and Reform of Direct Taxation: Report of a Committee chaired by Professor J. E. Meade (London: Institute of Fiscal Studies).Google Scholar
  14. Messere, K. (1998) (editor) The Tax System in Industrialised Countries (Oxford: Oxford University Press).Google Scholar
  15. Musgrave, P. B. (2002) Tax Policy in the Global Economy: Selected Essays of Peggy B. Musgrave (Cheltenham: Edward Elgar).Google Scholar
  16. OECD (1995) Environmental Taxes and Green Tax Reform (Paris: Organization for Economic Co-operation and Development).Google Scholar
  17. OECD (1997) Environmental Taxes in OECD Countries (Paris: Organization for Economic Co-operation and Development).Google Scholar
  18. Sevigny, M. (1998) Taxing Automobiles for Pollution Control New Horizons in Environmental Economics (Cheltenham: Edward Elgar).Google Scholar
  19. Smith, S. (1995) ‘Green’Taxes and Charges: Policy and Practice in Britain and Germany (London: Institute of Fiscal Studies).Google Scholar

Copyright information

© Stephen J. Bailey 2004

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  • Stephen J. Bailey

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