"Public Finance" remains the premier textbook on the normative
theory of government policy, with the third edition propelling into
the twenty-first century its examination of what government ought
to be doing instead of what it is doing.
The welfare aspects of public economics receive extensively
renewed examination in this third edition. With four new chapters
and other significant revisions, it presents detailed and
comprehensive coverage of theoretical literature, empirical work,
environmental issues, social insurance, behavioral economics, and
international tax issues.With increased emphasis on the European
Union, it is rigid enough for use by PhDs while being accessible to
students less well trained in math.
Moves skillfully from explaining normative theory to applying it in
mathematically compact and precise termsAdds new chapters on social
insurance, medical care, social security pensions, behavioral
public economics, and international public financeIncludes new
pedagogical supplements, including end-of-chapter questions and
answersEmphasizes European examples"
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