Regaining the lead: Policies for economic growth

Recent Books for greater efficiency in the public sectors arose. This concern determined the scientific work of the 38th IIPF Congress. The program was divided into problems of demand, supply, and financing. The public sector is considered as an institution whose main fimction is to satisfy individual needs. The Editor’s main objective is to design a program which would shed light on the whole range of efficiency research in public finance and on the problems and deficiencies related to demand, supply, and finance in the public sector. Public Finance in Theory and Practice. Richard A. Musgrave and Peggy B. Musgrave. 4rth ed. New York: McGraw-Hill, 1984. 824 pp. ISBN 0-07-044126-X. This text is now appearing in its fourth edition; it offers a clear and systematic analysis of the major issues in public finance. Extensive revision updates the institutional material and reorients the discussion towards the new issues of the 1980s. Recent tax legislation and prospects for reform, the debate over runaway budgets, supply-side economics, the impact of fiscal policies upon inflation and employment, as well as changing perspectives on fiscal federalism are examined. The earlier focus on intergration of analytical and institutional material, as well as the interaction between the private and public sectors has been retained. Regaining the Lead: Policies for Economic Growth. Herbert E. Striner. Praeger Special Studies. New York: Praeger, 1984. 206 pp. ISBN o-03-069772-7. The author argues that in the midst of the recovering economy, the continued signs of fundamental economic problems are ignored. He calls for the development of an industrial policy that reflects a building of new relationships between government, industry, and labor, as well as formally charging new organizations with policy development. Unless this happens, the economic recovery of 1983 will prematurely abort and a two-track society will develop. The Role and Limits of Government: Essays in Political Economy. Samuel B&an. Minneapolis, MN: University of Minnesota Press, 1983. 280 pp. $37.50 ISBN 01-8166-1278-l ($14.95 ISBN 01-81661276-5 paperbound). Samuel Brittan, chief economic commentator of the Financial Times of London, first explores the political values and philosoph438