CHAPTER 3

Public Policy and Government Accounting

Social contract theories like Hobbes, Locke, and Rousseau were not in the first instance trying to give empirical accounts of how the state arose. They were attempting rather to understand a government’s basis of legitimacy.

—Francis Fukuyama

In healthy capital democracies, there are usually two basic political tendencies. Each group recognizes the need for a public sector and a private sector, and political debate concerns where to draw the line between them.

—Barney Frank

Government is a system of political administration of a state or some other legal or geographical jurisdiction. Public policy is the administrative guidelines to run a state, including a constitution, rules and regulations, ...

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