Pierre Llau and the Economics of Public Finance: An Overview of His Works

Abstract

This article, a tribute to Pierre Llau, specialist in public finance, presents, from all his works, his contribution to the development of this line of research. His publications concern both the field of public economics and that of public financial economics. He shows the important role played by the state (government), both non-financial agent and financial agent, in the functioning of the economy. In particular, he nuances the requirement of a balanced budget dear to neoclassicals and insists on the role of the public financing system, a component of the system of financing the economy.