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Books > Business & Economics > Finance & accounting > Finance > Public finance
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Public Finance in Theory and Practice Second edition (Hardcover, 2 Revised Edition)
Loot Price: R5,508
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Public Finance in Theory and Practice Second edition (Hardcover, 2 Revised Edition)
Expected to ship within 10 - 15 working days
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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.
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