Public Finance by Charles Francis Bastable, published in 1895, delves into the intricate world of government expenditure and financial management. The book is divided into several chapters, each focusing on a specific aspect of public finance.
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| Public Finance by Charles Francis Bastable (PDF) |
In Chapter I, Bastable discusses the concept of public expenditure and its various forms. He explores the reasons behind government spending, including the provision of public goods and services, as well as the maintenance of law and order. The chapter also delves into the different sources of government revenue, such as taxes and borrowing.
Chapter II delves into the topic of national defense and warfare expenditure. Bastable examines the reasons behind the increase in military spending, both for preparation and actual warfare. He also discusses the development of military organizations and their dependence on economic conditions. The chapter touches on volunteer service, the cost of navies, and the growing cost of war materials. Bastable concludes the chapter with a summary of the key points discussed.
In Chapter III, the focus shifts to justice and security expenditure. Bastable highlights the importance of this function and its extent, as well as its development over time. He explores the fee theory, compulsory and voluntary services, police expenditure, and the prison system.
Chapter IV delves into administrative supervision and poor relief. Bastable discusses the decay of state regulation and its revival, along with the reasons for this new growth. He examines the problem of poor relief, conflicting arguments surrounding it, and practical results. The chapter also touches on other modes of assistance.
In Chapter V, Bastable explores the state's role in education and religion. He discusses primary, secondary, and university education, as well as technical education and other means of culture. The chapter also touches on voluntary aid and religious endowments.
Public Finance provides a comprehensive overview of the various aspects of government expenditure and financial management. Bastable's detailed analysis and insights make this book a valuable resource for anyone interested in understanding the complexities of public finance in the late 19th century.
They book is noted as the best book on the subject, investigating every aspect of the field in a systematic form
