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Public Finance in Theory and Practice Second Edition

Public Finance in Theory and Practice Second Edition

Paperback

EconomicsInvesting & Finance

ISBN10: 041558597X
ISBN13: 9780415585972
Publisher: Routledge
Published: Jun 3 2011
Pages: 372
Weight: 1.55
Height: 0.90 Width: 6.80 Depth: 9.50
Language: English

The events of the last decade have challenged the contemporary neo-classical synthesis in all branches of economics, but particularly public finance. The most notable feature of the 2nd edition of Public Finance in Theory and Practice is the infusion of behavioral economics throughout the text, with an end of chapter question inviting the student to apply a behavioral lens to some question or issue. There continues to be an emphasis on the importance of the institutional context, drawing on examples from many countries and emphasizing the role of lower level governments in a federal system. The first five chapters establish this context by reviewing the role of government in a market system, the description of government structure from an economic perspective, the basic data about revenue and expenditures, the elements of public choice, and the distributional role of government.

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