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Books > Business & Economics > Economics > Macroeconomics > Monetary economics
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The Economics of Government - Complexity and the Practice of Public Finance (Hardcover)
Loot Price: R2,712
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The Economics of Government - Complexity and the Practice of Public Finance (Hardcover)
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Public finance is an important branch of economics. Over the years
it has become more important, more controversial, and more complex.
Much of the academic writing on it is highly theoretical, and it is
often done by economists who have had little real world experience.
Vito Tanzi has been continually engaged in this field for almost
six decades, as a professor of public finance, a practitioner of it
in many countries, and as a researcher, and has witnessed
first-hand the growing gap between theoretical work and the real
life practice of public finance. Public finance has come to be
increasingly influenced by the pursuit of multiple government goals
and by the growing complexity that now characterizes fiscal policy
and government programs in many countries. Notably, the goal of
simplicity has played only a small role in the practice of public
finance and in academic work. Complexity puts a dense fog around
many policies, making it difficult to predict and assess the
results. This book aims to highlight to both economists and
policymakers the need for simplicity in policies. It also aims to
inform students of public finance and public policy about this
growing problem and the need to pay more attention to it.
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