Public Finance in Theory and Practice Second edition

Product Details

• Author: Ulbrich, Holley H.

• Brand: Taylor & Francis Ltd

• Edition: 1

• Binding: Paperback

• Format: Illustrated

• Number of Pages: 392

• Release Date: 03-06-2011

• EAN: 9780415585972

• Languages: English

Details:

Public Finance in Theory and Practice provides a comprehensive exploration of public finance, incorporating the latest developments in behavioral economics. The second edition integrates this new approach throughout the text, encouraging students to examine issues through a behavioral lens. It highlights the importance of the institutional context in public finance and provides global examples, focusing on the role of lower-level governments in a federal system.

The book begins with a review of the government’s role in the market system, government structure from an economic perspective, and essential data on revenue and expenditures. It goes on to cover public choice theory and the distributional role of government. The focus on public expenditure is emphasized through expanded chapters on public goods, budgeting, cost-benefit analysis, and updated discussions of social security, public education, and healthcare. This edition makes complex theories more applicable by using real-world examples, ensuring that the reader understands how public finance plays out in practice