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.
The book has been substantially reorganized to put more emphasis on public expenditure. Expanded treatment of public goods includes common property resources and congestible or club goods. Expanded discussion of budgeting and cost-benefit analysis provides some practical application of the theory. Updated discussions of social security, public education and health care address these three major contemporary public finance issues. The traditional emphasis on revenue (taxes, fees and grants) has been retained but follows rather than precedes the discussion of expenditures.
"synopsis" may belong to another edition of this title.
Holley H. Ulbrich is Alumni Professor Emerita of Economics at Clemson University and Senior Fellow of the Strom Thurmond Institute, USA. She is also the co-author on four of the six editions of Principles of Economics with Ryan C. Amacher.
"About this title" may belong to another edition of this title.
Book Description Routledge. Book Condition: BRAND NEW. BRAND NEW Hardcover - 372pp - This title is now printed on demand - please allow an added 2-3 weeks for shipment! A Brand New Quality Book from a Full-Time Bookshop in business since 1992!. Bookseller Inventory # 1984895
Book Description Routledge, 2017. Hardback. Book Condition: NEW. 9780415585965 This listing is a new book, a title currently in-print which we order directly and immediately from the publisher. Print on Demand title, produced to the highest standard, and there would be a delay in dispatch of around 10 working days. Bookseller Inventory # HTANDREE0191351
Book Description Routledge, 2011. Hardcover. Book Condition: Brand New. 2nd edition. 464 pages. 9.76x7.09x1.06 inches. In Stock. Bookseller Inventory # __0415585961