collection of essays discussing the theory of public expenditure. Edited by Herbert Timm and Heinz Haller, it compiles presentations from conferences held by the Society for Economic and Social Policy. The book explores various aspects of public spending, including criteria for delineation, impacts on economic behavior, and optimal strategies for expenditure. The authors aim to advance understanding in public finance by addressing the complexity of state activities influenced by political mechanisms. Intended for economists and policymakers, the book highlights the significance of public spending in shaping income distribution, consumption, saving, and investment, while also considering political and economic perspectives. |