Handbook of Public Economics
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Handbook of Public Economics by Alan J. Auerbach
Book DescriptionThe Field of Public Economics has been changing rapidly in recent years, and the sixteen chapters contained in this Handbook survey many of the new developments. As a field, Public Economics is defined by its objectives rather than its techniques and much of what is new is the application of modern methods of economic theory and econometrics to problems that have been addressed by economists for over two hundred years. More generally, the discussion of public finance issues also involves elements of political science, finance and philosophy. These connections are evidence in several of the chapters that follow. Public Economics is the positive and normative study of government's effect on the economy. We attempt to explain why government behaves as it does, how its behavior influences the behavior of private firms and households, and what the welfare effects of such changes in behavior are.Following Musgrave (1959) one may imagine three purposes for government intervention in the economy: allocation, when market failure causes the private outcome to be Pareto inefficient, distribution, when the private market outcome leaves some individuals with unacceptably low shares in the fruits of the economy, and stabilization, when the private market outcome leaves some of the economy's resources underutilized. The recent trend in economic research has tended to emphasize the character of stabilization problems as problems of allocation in the labor market. The effects that government intervention can have on the allocation and distribution of an economy's resources are described in terms of efficiency and incidence effects. These are the primary measures used to evaluate the welfare effects of government policy.
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Book DetailsISBN: 9780444823144
(240mm x 165mm x 33mm)
Publisher: Elsevier Science & Technology
Publish Date: 25-Jan-2002
Country of Publication: United States
Books By Author Alan J. Auerbach
Handbook of Public Economics, Hardback (June 2013)
Features top scholars who provide context and order to new research about mechanisms that underlie both public finance theories and applications. This title focuses on new approaches to both revenue generation and expenditures in public finance. It presents summaries of subjects in public economics that stretch from methodologies to applications.
Taxing Corporate Income in the 21st Century, Paperback (November 2012)
A state-of-the-art examination of the impact and wisdom of taxing corporate income, first published in 2007.
Institutional Foundations of Public Finance, Hardback (December 2008)
Integrates economic and legal perspectives on taxation and fiscal policy, offering a provocative assessment of some of the most important issues in public finance. This book looks at the tax reform debate, and examines the differences between an income and a consumption tax.
Demographic Change and Fiscal Policy, Paperback (October 2008)» View all books by Alan J. Auerbach
An analyses the effect of changing demography in the US and elsewhere on tax revenues and public programmes.
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