Finanse publiczne w świetle ekonomii instytucjonalnej
Public finances in the light of institutional economics

Author(s): Stanisław Owsiak
Subject(s): Economy, Public Finances
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu
Keywords: institutional economics;public finances;social contract;trust;transaction costs;allocative efficiency;
Summary/Abstract: The aim of the chapter is to examine the extent to which the institutional economics method can be useful for analysing phenomena and processes in the area of public finances. Based on a critical analysis of the literature, the work takes into account the achievements of institutional economics. Key concepts of institutional economics were selected for consideration, such as: contract, social contract, transaction costs, trust, allocative efficiency. It was examined to what extent these tools can be helpful in explaining phenomena and processes in public finances. The mission of the chapter is also to encourage economists dealing with institutional economics to take broader account of the theory and public finances in their research. Based on the analysis of selected categories of institutional economics, in the final part of the work, an attempt was made to assess public finances in Poland.

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