This is a third edition of a successful textbook that provides a contemporary account of how social services in the UK are paid for. The new edition brings the textbook up-to-date with its fast-moving subject area, explaining the finance of human services - health care, education, housing, social security a nd social care-through a review of the economic literature. It also gives an account of how the cash to pay for the services actually reaches schools, hospitals and social service departments, right from the start of the process, examining how government raises taxes, through to allocation of the funds. Both comprehensive and expertly written, this textbook will continue to feature as key reading for a variety of Social and Policy related courses.

This is a major study of state finance throughout Europe from the thirteenth to the eighteenth century. It is an immensely ambitious comparative analysis of economic and fiscal development over many countries and several centuries, written by a team of leading European scholars.

The Russian budget process has received little detailed attention in academic literature. Here various key aspects of the formation of the federal budget, largely since Vladimir Putin began his third presidential term in 2012, are examined. It is primarily the writing of the expenditure side of the budget which is described, that is, how it is decided how much money is spent on what. While ample information is provided on budgetary outcomes, the focus is on the process: the issues faced by budget makers, the actors and institutions involved, and the formal and informal procedures that lead to outcomes. It is not the task of the volume to provide an analysis of the wisdom or effectiveness of particular budget allocations; its goal is to provide some judgement on the effectiveness of the process. Chapters are offered on the budgetary process as it relates to the two main claimants on federal budget funding, the social and defence sectors. Three chapters then examine the major locations of budgetary policy-making: the executive (at presidential and cabinet of ministers levels), the Duma, and the expert community. This book was originally published as a special issue of Post-Communist Economies.

This book explores why, despite increased government spending on income-support, health and education, the costs of public goods are rising and their quality is declining. Charting the rise of big government, the author identifies a growing divergence between public-sector ideals and the realities of troubled political economies grappling with debt, deficits, ageing populations, improvident social insurance, declining education test scores and multiplying health costs. Limited Government analyzes in detail the social and political factors in major economies that drive up public spending, as well as the relationship between spending and outcomes. By developing an alternate model of public finances, and engaging in a critique of the managerial society, the author emphasizes the positive effects of self-management, social self-organization and technological automation, arguing that high-quality, low-cost goods are the result of nations that save, not states that tax. A sociological account of public finances, Limited Government outlines how governments can spend less and yet help ensure good broad equitable standards of health, education and income security.

It is generally assumed that current deficits are intrinsically bad and in need of correction. The Current Account and Foreign Debt argues that this is not always the case. The author analyses a broad range of issues in support of this argument. These include:
* Approaches to current account balance
* Short run issues
* Longer run issues
* Policy

The book can be read as an integrated whole, or alternatively, each chapter can be consulted without reference to the others. The Current Account and Foreign Debt provides the counterbalance to a common misapprehension in economic theory. It will be a valuable guide for all those interested in international monetary theory.

eBook available with sample pages: 0203031040

This book provides a comprehensive analysis of asset price movement. It examines different aspects of stock return predictability, the interaction between stock return and dividend growth predictability, the relationship between stocks and bonds, and the resulting implications for asset price movement. By contributing to our understanding of the factors that cause price movement, this book will be of benefit to researchers, practitioners and policy makers alike.

`... the most convincing argument for the mixed economy that I have read in my lifetime ...' - Bernard Crick

`... path-breaking analysis of the links between the values of community and the imperatives of an advanced economy... exemplifies a tentative but unmistakable new paradigm... a subtle argument.' - London Review of Books

`...the book makes an interesting contribution to the emerging alternatives to the prevailing, New Right, ideology of the 1980's' - Robert Pyper, Talking Politics

`...must be read by the politicians partly for its exposition of a theory of a sensible mixed economy... even more valuable if read by accountants, bankers, economists and other specialists who, like the citizen, have one day to realise that the Whole is far, far more than the sum of the parts.' - Political Quarterly

`The most philosophical of the books reviewed, and the one which might in the long run have the greatest impact on our political thinking... [Boswell] takes the argument for what he calls `public cooperation' one stage further than all the others, in that he treats the quality of human relations in the economic field as not just a means to an end (eg high production or stopping wage inflation) but an end in itself.' - Long Range Planning

These essays are a product of a co-operative research project between American and Taiwanese social scientists. Of particular interest is the chapter discussing a comparative study of industrial policy, productivity growth and structural change in manufacturing.

These essays are a product of a co-operative research project between American and Taiwanese social scientists. Of particular interest is the chapter discussing a comparative study of industrial policy, productivity growth and structural change in manufacturing.

This book presents a comprehensive analysis of tax consequences in an oligopolistic market. It provides the reader with a systematic and precise way of understanding the research content of tax incidence. A major feature of the book is its analysis of tax incidence from both domestic and international oligopolies. Then, by examining various oligopoly models, it approaches the essence of domestic and multilateral tax issues. Starting with the general theory of commodity tax incidence in an oligopoly, the topics addressed in this book include tax reform, environmental regulation, and policy coordination in international oligopolies. In addition to the usual oligopoly model, managerial oligopoly, the public pricing problem for firms in an oligopoly, and mixed oligopoly are dealt with. By presenting individual issues and explaining the relevance of each topic, this book is highly recommended for readers interested in policymaking and the global market in relation to the interdisciplinary developments of public economics, regional economics, and international economics. This book is also valuable as an advanced textbook on applied economics.

An account of the later years of Tsarism. Witte presents portraits of the statesmen around him, explains the problem of bringing the economy to a level commensurate with Russia's putative position as the greatest land power in the world and the effort to create a constitutional monarchy.

An account of the later years of Tsarism. Witte presents portraits of the statesmen around him, explains the problem of bringing the economy to a level commensurate with Russia's putative position as the greatest land power in the world and the effort to create a constitutional monarchy.

Peter Dickson's important study of the origins and development of the system of public borrowing which enabled Great Britain to emerge as a world power in the eighteenth century has long been out of print. The present print-on-demand volume reprints the book in the 1993 version published by Gregg Revivals, which made significant alterations to the 1967 original. These included a new introduction reviewing recent work, and, in particular, 33 pages of detailed annotations and corrections, which, taken together, justified its status as a second edition.

First Published in 1993. Routledge is an imprint of Taylor & Francis, an informa company.

This book offers an intellectual history of the libertarian case for markets in education. Currie-Knight tracks the diverse and evolving arguments libertarians have made, with each chapter devoted to a different libertarian thinker, their reasoning and their impact. What are the issues libertarians have had with state-controlled public schooling? What have been the libertarian voices on the benefits of markets in education? How have these thinkers interacted with law and policy? All of these questions are considered in this important text for those interested in debates over market mechanisms in education and those who are keen to understand how those arguments have changed over time.

Country-Risk Analysis is a comprehensive, practical guide to the management of international risk and cross-border lending. The last fifteen years of international commercial bank lending have witnessed a classical boom-and-bust cycle. Yet it is only recently that a formalized approach to country risk assessment has been implemented in the major international banks.

Ron Solberg's volume provides a state-of-the-art review of the country risk techniques that have evolved in the context of dramatic changes in developing countries' debt service capacity and in international lending itself. It deals comprehensively with sovereign credit decision making, portfolio management, lending behaviour and financial innovations.

Robert Holton argues that the relationship between economy and society is one of mutual dependence, in which political and cultural arrangements influence the functioning of economic life, just as much as economic contingencies influence the shape of politics and culture. This argument is pursued by means of a critical historical survey of major social scientific traditions, including economic liberalism and political economy. The author moves on to discuss the differentiation and re-integration of economy and society,the viability of the market as an economic institution, the centrality of power in economic life, the significance of economic values and economic culture and the globalization of economy and society.

Robert Holton argues that the relationship between economy and society is one of mutual dependence, in which political and cultural arrangements influence the functioning of economic life, just as much as economic contingencies influence the shape of politics and culture. This argument is pursued by means of a critical historical survey of major social scientific traditions, including economic liberalism and political economy. The author moves on to discuss the differentiation and re-integration of economy and society, the viability of the market as an economic institution, the centrality of power in economic life, the significance of economic values and economic culture, and the globalization of economy and society.

Originally published in 1919, A primer of National Finance discusses elements of financial principles with reference to facts and figures of British National Finance, Britain's financial position and general outline of where finances stood at the time of publication. Higgs aims to explain essential information about the political economy in a simple and concise way to reach a wider audience on issues related to wealth and production. This title will be of interest to students of Economics and Political History.

First Published in 1992. The federal budget has attained unparalleled significance at the heart of American politics in the last quarter of the twentieth century. The modern budget system has become the mechanism by which a distinctively American administrative state was put in place and made operative. The growth of the administrative state has transformed politics in America, but many Americans are unaware of its existence. This study looks at budget control within the realms of Congress, the Presidency and the development of the Administrative State.

This is a study of Malaysia's new political economy, with a focus on ownership and control of the corporate sector. It offers a pioneering assessment of government-linked investment companies (GLICs), a type of state-owned institution that has long prevailed in the corporate sector but has not been analysed. Malaysia's history of government-business ties is unique, while the nature of the nexuses between the state and the corporate sector has undergone major transitions. Corporate power has shifted from the hands of foreign firms to the state to the ruling party, and well-connected businessmen, and back to the state. Corporate wealth is now heavily situated in the leading publicly-listed government-linked companies (GLCs), controlled through block shareholdings by a mere seven GLICs under the jurisdiction of the Minister of Finance. To indicate why these GLICs are important actors in Corporate Malaysia, this study provides a deep assessment of their ownership and control of Bursa Malaysia's top 100 publicly-listed enterprises.

'A brilliant critical and fresh look at the public choice school of thought.' - Paul Streeten This book challenges theories of public goods, public enterprise and public choice on three fronts. Government action reflects wider interests and commitments than just the material self-interest assumed as primary by the three theories. Government contributes to the productivity and quality of the modern mixed economy in ways not captured by theories stressing the inherent superiority of private markets. Lastly, old and new ideas within established traditions of political thought justify government action beyond the libertarian argument for limited government.

This volume offers a new answer to an age-old problem: the meaning of a just or equitable distribution of resources. Julian Le Grand examines the principal interpretations of equity used by economists and political philosophers, and argues that none captures the essence of the term as well as an alternative conception relating equity to the existence or otherwise of individual choice. He shows that this conception is not only philosophically well-grounded but is also directly relevant to key areas of distributional policy. The theoretical argument is complemented by detailed discussion of the application of the central idea to specific areas of policy, including the distribution of health and health care, central government grants to local governments and the measurement of income for tax purposes. This book is written by an economist, but is intended for political philosophers and social policy analysts as well as economists. The key chapters are written in a non-technical fashion, with specialized material relegated to appendices.

This book presents research on a kind of water use conflicts that is becoming more and more common and important: How to best manage moving water in times of increasing demand for electricity as well as environmental services. How should decisions be made between water use for electricity generation or for environmental and recreational benefits? The authors develop a simple general equilibrium model of a small open economy which is used to derive a cost-benefit rule that can be used to assess projects that divert water from electricity generation to recreational and other uses (or vice versa). The cost-benefit rule is then applied to the specific case of a proposed change at a Swedish hydropower plant. The book provides a manual for the evaluation of river regulations which can easily be replicated in other studies.

The book covers financial inclusion in the southern cone (Argentina, Brazil, and Chile) and its impact on public finance. Possible negative consequences of greater financial inclusion are identified, but the book argues potential benefits outweigh costs. Financial inclusion has many definitions, but in this book, we interpret it as bank account ownership and the use of banking services. Financial inclusion in this context proffers advantages in the area of tax collection, perhaps the southern cone's gravest economic obstacle given its future debt servicing commitments and its socioeconomic development challenges. Households with a bank account - or, the bank participation rate - began increasing significantly around 2002, and this increase has coincided with an unexpected rise in tax collection (especially value-added taxes (VAT)) spanning periods of macroeconomic growth (2003-2009) and stagnation (2010-2015). Correlation does not imply causation, yet using empirical methods this book shows financial inclusion contributes to better tax collection by encouraging more formal market transactions via the use of bank-provided credit and debit cards. Consumption represents the largest component of most economies and consumption taxes contribute more to public revenue in the southern cone than other taxes, hence more formal consumption enhances overall tax collection.