Public Finance and Public Choice

Public Finance and Public Choice PDF

Author: James M. Buchanan

Publisher: MIT Press

Published: 1999-10-12

Total Pages: 283

ISBN-13: 0262261618

DOWNLOAD EBOOK →

In this volume, based on a week-long symposium at the University of Munich's Center for Economic Studies, two leading scholars of governmental economics debate their divergent perspectives on the role of government and its fiscal functions. James M. Buchanan, who was influential in developing the research program in public choice, concentrates on the imperfections of the political process and stresses the need for rules to restrain governmental interference. Richard A. Musgrave, a founder of modern public finance, points to market failures and inequities that call for corrective public policies. They apply their differing economic and political philosophies to a variety of key issues. Each presentation is followed by a response and general discussion.

The New Dynamic Public Finance

The New Dynamic Public Finance PDF

Author: Narayana R. Kocherlakota

Publisher: Princeton University Press

Published: 2010-07-01

Total Pages: 230

ISBN-13: 1400835275

DOWNLOAD EBOOK →

Optimal tax design attempts to resolve a well-known trade-off: namely, that high taxes are bad insofar as they discourage people from working, but good to the degree that, by redistributing wealth, they help insure people against productivity shocks. Until recently, however, economic research on this question either ignored people's uncertainty about their future productivities or imposed strong and unrealistic functional form restrictions on taxes. In response to these problems, the new dynamic public finance was developed to study the design of optimal taxes given only minimal restrictions on the set of possible tax instruments, and on the nature of shocks affecting people in the economy. In this book, Narayana Kocherlakota surveys and discusses this exciting new approach to public finance. An important book for advanced PhD courses in public finance and macroeconomics, The New Dynamic Public Finance provides a formal connection between the problem of dynamic optimal taxation and dynamic principal-agent contracting theory. This connection means that the properties of solutions to principal-agent problems can be used to determine the properties of optimal tax systems. The book shows that such optimal tax systems necessarily involve asset income taxes, which may depend in sophisticated ways on current and past labor incomes. It also addresses the implications of this new approach for qualitative properties of optimal monetary policy, optimal government debt policy, and optimal bequest taxes. In addition, the book describes computational methods for approximate calculation of optimal taxes, and discusses possible paths for future research.

Public Finance and Public Policy

Public Finance and Public Policy PDF

Author: Jonathan Gruber

Publisher: Macmillan

Published: 2005

Total Pages: 806

ISBN-13: 9780716786559

DOWNLOAD EBOOK →

Chapters include: "Income distribution and welfare programs", "State and local government expenditures" and "Health economics and private health insurance".

The New Public Finance

The New Public Finance PDF

Author: Inge Kaul

Publisher: Oxford University Press

Published: 2006-02-23

Total Pages: 696

ISBN-13: 9780195179972

DOWNLOAD EBOOK →

Globalisation has meant the closer integration of countries and a greater need for collective action. This book, which contains 24 essays from contributors from around the world, provides one of the first systematic treatments of public finance in this new era. It deals with such topics as: increasing aid efficiency; public-private cooperation and competition; and taking the outside world into consideration.

Public Finance: An International Perspective (Revised Edition)

Public Finance: An International Perspective (Revised Edition) PDF

Author: Joshua E Greene

Publisher: World Scientific

Published: 2020-11-27

Total Pages: 538

ISBN-13: 9811209952

DOWNLOAD EBOOK →

Drawing from current examples from a variety of countries, Public Finance: An International Perspective addresses the main issues in contemporary public finance, including fiscal sustainability, state enterprises, and a variety of subsidies. There are relatively few textbooks on public finance, and many of them focus on the experience and issues facing the United States. This book sets out to address the critical issues from other countries, particularly those from the developing world or emerging market countries, who have received less attention in other texts. Written in a highly accessible manner, this book is a useful reference for students and practitioners alike.

Public Finance and Public Policy in the New Century

Public Finance and Public Policy in the New Century PDF

Author: Sijbren Cnossen

Publisher: MIT Press

Published: 2003

Total Pages: 584

ISBN-13: 9780262033046

DOWNLOAD EBOOK →

The 16 essays in this book were written to celebrate the 90th birthday of Richard Musgrave and to commemorate the tenth anniversary of CES, the Center for Economic Studies at the University of Munich. Musgrave is considered to be a founding father of modern public economics. He belongs to the intellectual tradition that views government as an instrument that can be used to correct market failure and to establish the society that people want. Although his work fits within the individualistic framework of modern economics, he also draws on principles of moral philosophy.

Public Finance and Public Policy

Public Finance and Public Policy PDF

Author: Arye L. Hillman

Publisher: Cambridge University Press

Published: 2009-04-06

Total Pages: 861

ISBN-13: 1139475371

DOWNLOAD EBOOK →

The second edition of Public Finance and Public Policy retains the first edition's themes of investigation of responsibilities and limitations of government. The present edition has been rewritten and restructured. Public choice and political economy concepts and political and bureaucratic principal-agent problems are introduced at the beginning for application to later topics. Fairness, envy, hyperbolic discounting, and other concepts of behavioral economics are integrated throughout. The consequences of asymmetric information and the tradeoff between efficiency and ex-post equality are recurring themes. Key themes investigated are markets and governments, institutions and governance, public goods, public finance for public goods, market corrections (externalities and paternalist public policies), voting, social justice, entitlements and equality of opportunity, choice of taxation, and the need for government. The purpose of the book is to provide an accessible introduction to the use of public finance and public policy to improve on market outcomes.

Digital Revolutions in Public Finance

Digital Revolutions in Public Finance PDF

Author: Mr.Sanjeev Gupta

Publisher: International Monetary Fund

Published: 2017-11-01

Total Pages: 362

ISBN-13: 1484315227

DOWNLOAD EBOOK →

Digitization promises to reshape fiscal policy by transforming how governments collect, process, share, and act on information. More and higher-quality information can improve not only policy design for tax and spending, but also systems for their management, including tax administration and compliance, delivery of public services, administration of social programs, public financial management, and more. Countries must chart their own paths to effectively balance the potential benefits against the risks and challenges, including institutional and capacity constraints, privacy concerns, and new avenues for fraud and evasion. Support for this book and the conference on which it is based was provided by the Bill and Melinda Gates Foundation “Click Download on the top right corner for your free copy..."

Public Finance

Public Finance PDF

Author: Richard W. Tresch

Publisher: Academic Press

Published: 2002-05-08

Total Pages: 976

ISBN-13: 0126990514

DOWNLOAD EBOOK →

Featuring a general equilibrium framework that is both cohesive and versatile, the Second Edition of Public Finance: A Normative Theory brings new and updated information to this classic text. Through its concentration on the microeconomic theory of the public sector in the context of capitalist market economics it addresses the subjects traditionally at the heart of public sector economics, including public good theory, theory of taxation, welfare analysis, externalities, tax incidence, cost benefit analysis, and fiscal federalism. Its goal of providing a foundation, rather than attempting to present the most recent scholarship in detail, makes this Second Edition both a valuable text and a resource for professionals. * Second edition provides new and updated information * Focuses on the heart of public sector economics, including public expenditure theory and policy, tax theory and policy, cost benefit-analysis, and fiscal federalism * Features a cohesive and versatile general equilibrium framework