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Public Finance & Public Choice: Analytical Perspectives
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ISBN
:
9780199597055
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Publisher
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Oxford University Press
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Subject
:
Encyclopaedias & Reference Works
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Binding
:
Paperback
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Pages
:
560
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Year
:
2010
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435.0
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Description
Public Finance and Public Choice provides a solid foundation in contemporary public economics, analysing different theoretical approaches and contextualising the theory with relevant and up-to-date examples. The authors have retained the focus on the public choice school of thought in this new edition and have also added an emphasis on behavioural public finance. The comprehensive nature of the analysis, coupled with the intuitive diagrammatic approach, ensures that students using this book gain a thorough understanding of the subject. Key Features The diagrammatic approach provides a solid grounding in public economics without overwhelming the reader with unnecessary maths. Analyses the theory from public choice and behavioural public finance perspectives, critically examining what governments actually do in practice by using psychological research to better understand economic decisions. Sets the theory in the context of the European environment, where relevant, to ensure that students can see the application of the theory in their own government. New to this edition A new chapter on behavioural public finance introduces students to this topical area of research. Developments in the area of pension provision have been added. Environmental issues and climate change are now covered, owing to their increasing importance to the government.
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Author Biography
John Cullis Reader in Economics, Centre for Development Studies, University of Bath Philip Jones Professor of Economics, Department of Economics and International Development, University of Bath Table of Contents 1: Market performance: possibilities and prescriptions 2: Externalities 3: Public goods 4: Collective decision-making: searching for the 'public interest' 5: Rent-seeking, public provision and the 'return to the market' 6: Evaluation of public expenditure: cost-benefit analysis 7: Tax theory: the basic concepts 8: Tax evasion and the black economy 9: Income (re)distribution 10: Central government 11: Public choice aspects of macroeconomic policies 12: Local government 13: International issues and global goals 14: Optimal taxation 15: 'Behavioural public finance' and the role of the public sector 16: Public sector failure and public expenditure growth
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