Public Finance and Public Policy : Responsibilities and Limitations of Government
Editorial Reviews
Review
Advance praise: 'Hillman's remarkable text, building upon his own work as well as the contributions of other pioneering authors, breaks new ground in integrating traditional public finance with recent developments in public choice and political economy. In a balanced and impartial way, the book introduces the student not just to the principles of taxation and government expenditure but also to deeper questions posed by the nature of social justice, the efficacy and drawbacks of market and governmental solutions, the operation of bureaucracies, rent-seeking behavior, and political competition.' Jack Hirshleifer, University of California, Los Angeles
'Public choice, as an economic theory of politics, emerged in mid-century because of gaps in the research agenda of public finance. Somewhat surprisingly, however, modern public choice and public finance research programs have never been fully integrated. This book admirably meets this objective. It offers a sophisticated and comprehensive treatment of questions involving when and why politics arises, how politics can be predicted to work in practice, and how limits can be placed on political excesses. A well-informed, well-written treatise useful for several levels of readership.' James M. Buchanan, Nobel Laureate, George Mason University
'Arye Hillman's new undergraduate text provides a strikingly rich, thoughtful, thought-provoking, and unusually comprehensive overview of academic thinking about the role of government in the economy, emphasizing the role of political institutions in shaping how governments behave, and the resulting trade-offs between private and public provision. This book has managed to capture many of the latest ideas in a way that still remains eminently accessible to undergraduate students. It is a delight to read.' Roger Gordon, University of California, San Diego
Book Description
This book sets forth the basic issues involved in public finance and public policy. All issues investigated explore the choice between voluntary market decision to earn and spend income versus assignment of responsibility to governments to tax and spend. The ten specific areas covered are markets and property, collective benefits, voting on public speaking, market corrections, social justice, political processes and redistribution, taxation, user pricing, public policy for welfare issues, and the question of how much government is needed in the modern state.
Public Finance and Public Policy : Responsibilities and Limitations of Government
Public Finance and Public Policy : Responsibilities and Limitations of Government,Arye L. Hillman,Cambridge University Press,0521001145,Business & Economics,Business / Economics / Finance,Economic History,Economic policy,Finance, Public,Politics/International Relations,Public Finance,Public Policy - General,Taxation,Business & Economics / Economic History,International economics,Political economy
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