Public Finance and the American EconomyDescription |
This comprehensive, accessible introduction to public finance (the economics of the government sector) in the United States utilizes microeconomic theory and methods to illuminate the often confusing area of public policy. The author uses the economic theory of the household, firm, and market to understand the impacts of government spending, distribution and taxation policies, and the concepts of efficiency and equity to evaluate their relative worth. The second edition is current with the latest data and with various policy issues and debates in the headlines today.  |
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Features |
- NEW - <F75BS>NEW! Current, up-to-date material has been added on Social Security reform; Medicare reform; congestion pricing of roads; the government budget surplus; the impact of 1996 welfare reform; corporate tax shelters; environmental taxes; and taxation of internet commerce. There is also a new Chapter on tax reform. Pg.___
- NEW - <F75BS>NEW! The text's real-word focus and practical application of the concepts continues to be strong in this new edition, with many new "Case in Point" examples, including those on trading in pollution permits, the privatization of Social Security, school vouchers, the marriage tax, and the economics of taxing tobacco. Pg.___
- NEW - <F75BS>NEW! A wealth of new Internet sites for students to consult on policy issues and economic models for public finance. All-new Internet exercises train students to use the Internet effectively as a research tool and to hone their critical thinking skills. Pg.___
- NEW - <F75BS>NEW! The text's briefer, more succinct presentation makes the concepts clear by avoiding unnecessary detail. Pg.___
- NEW - <F75BS>NEW! Significantly expanded discussion questions and review questions that challenge students to think and evaluate; these are not "busy work" exercises. Pg.___
- NEW - <F75BS>NEW! A fuller treatment of state and local public finance issues than in most other texts. Pg.___
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Table of Contents |
Preface.
I. INTRODUCTION. 1. Sizing Up the Government.
II. GOVERNMENT AND THE ALLOCATION OF RESOURCES. 2. Markets, Efficiency, and Government. 3. Public Goods in Theory and Practice. 4. Externalities and Public Policy.
III. GOVERNMENT DECISION-MAKING. 5. Voting and Public Choice. 6. Evaluating Programs Using Benefit-Cost Analysis.
IV. GOVERNMENT TRANSFER PROGRAMS. 7. Government and the Distribution of Income. 8. Spending on Programs to Alleviate Poverty. 9. Social Security and Medicare.
V. THE BASIC THEORY OF TAXATION. 10. Taxation and the Allocation of Resources. 11. Tax Incidence: Who Bears the Tax Burden? 12: Tax Policy Analysis.
VI. THE FEDERAL TAX SYSTEM. 13. Taxes on Personal Incomes. 14. Income Taxes and Household Behavior. 15. Taxes on Business Income. 16. Budget Surpluses and Deficits. 17. Reforming the Federal Tax System.
VII. STATE AND LOCAL PUBLIC FINANCE. 18. Spending by State and Local Governments. 19. State and Local Taxes. Appendix. Glossary. Reference. Index.
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