John Levy's text presents microeconomic theory for use in
analyzing and formulating public policy. It couples a direct and
non-intimidating approach to essential theory with a presentation
that is sophisticated at the policy level. It does not attempt to
cover the entire body of economic theory, but rather presents those
elements of theory most relevant to courses in public economics and
public policy in such programs as public administration, policy
analysis, health planning, environmental management, urban affairs,
and urban planning. The text is divided into two parts. The first
introduces basic concepts with an emphasis on their philosophical
underpinnings and policy uses; the second consists of six essays on
policy-related subjects, selected to make use of concepts presented
in the first part. Among the unusual features of the book are the
discussion of the tax expenditure concept, benefit cost analysis
with numerical example, substantial discussions of the origins and
philosophical implications of economic man as a behavioral model,
and an entire chapter devoted to public choice.
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