Fiscal Equalization Revisited
In this paper, the "father of equalization" Professor James Buchanan returns to his original contribution to our knowledge of federalism and adds the perspective for which he is most famous: public choice.
Equalization programmes can be destroyed by politics and design flaws
Nobel laureate James Buchanan took this opportunity to revisit his arguments of 50 years before. He said that he didn’t take enough account of how political interference with the operations of such programmes can outweigh the good intentions behind them.