A postwar history of the rules vs discretion debate
The work reviews the post-war history of the rules vs discretion debate. The focus is principally on theoretical developments which came to have a bearing on the debate. With the central figure of the debate being, without a doubt, M. Friedman, much of the huge literature centres around arguments fi...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2013-10-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10828 |
| Summary: | The work reviews the post-war history of the rules vs discretion debate. The focus is principally on theoretical developments which came to have a bearing on the debate. With the central figure of the debate being, without a doubt, M. Friedman, much of the huge literature centres around arguments first raised by him. Hence, special attention is paid to his contributions.
JEL: B22
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| ISSN: | 2037-3635 2037-3643 |