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Public Finance - Lessons from the Past & Effects on the Future (Paperback)
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Public Finance - Lessons from the Past & Effects on the Future (Paperback)
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There are important lessons to be learned and analytical frameworks
to be adapted and reused from the body of reference provided by the
past history of public finance. This makes it possible to approach
themes in terms of the actions of policy makers in various
operating sectors of the economy: money, foreign exchange, finance,
industry, labour relations, international trade, taxation and so
on. One other key function carried out by the central authorities
is the enactment and enforcement of rules governing competition
between economic agents. Furthermore, in many countries, goods and
services are produced by public sector enterprises, which
emphasises that public intervention comes in many shapes and forms.
In this book, attention centres on the fiscal sector, where
government intervention has a crucial impact on private saving and
investment, public spending decisions, taxation and government
revenues, including the funding of budget deficits.
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