The Public Financiers Ricardo, George, Clark, Ramsey, Mirrlees, Vick
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Great Minds in Finance Series editor: Professor Colin Read This series explores the lives and times, theories and applications of those who have contributed most significantly to the formal study of finance. It aims to bring to life the theories that are the foundation of modern finance, by examining them within the context of the historical backdrop and the life stories and characters of the ‘great minds’ behind them. Readers may be those interested in the fundamental underpinnings of our stock and bond markets; college students who want to delve into the significance behind the theories; or experts who constantly look for ways to more clearly understand what they do, so they can better relate to their clients and communities. Titles include: The Life Cyclists The Portfolio Theorists The Rise of the Quants The Efficient Market Hypothesists The Corporate Financiers
Great Minds in Finance Series Standing Order ISBN: 978–0–230–27408–2 (outside North America only) You can receive future titles in this series as they are published by placing a standing order. Please contact your bookseller or, in case of difficulty, write to us at the address below with your name and address, the title of the series and the ISBN quoted above. Customer Services Department, Macmillan Distribution Ltd, Houndmills, Basingstoke, Hampshire RG21 6XS, England
The Public Financiers Ricardo, George, Clark, Ramsey, Mirrlees, Vickrey, Wicksell, Musgrave, Buchanan, Tiebout, and Stiglitz Colin Read Professor of Economics and Finance, SUNY College at Plattsburgh, USA
© Colin Read 2016 Softcover reprint of the hardcover 1st edition 2016 978-1-137-34133-4 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6–10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The author has asserted his right to be identified as the author of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2016 by PALGRAVE MACMILLAN Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan in the US is a division of St Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries.
ISBN 978-1-349-57772-9 ISBN 978-1-137-34134-1 (eBook) DOI 10.1057/9781137341341 This book is printed on pa
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