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Cover

Public Finance and Public Choice

Analytical Perspectives

Third Edition

John Cullis and Philip Jones

July 2009

ISBN: 9780199234783

560 pages
Paperback
246x189mm

In Stock

Price: £60.99

Public Finance and Public Choice provides a comprehensive analysis of the economics of the public sector, taking a diagrammatic approach to the subject. Particular emphasis is given to the public choice and behavioural economics schools of thought.

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Description

Public Finance and Public Choice provides a comprehensive analysis of the economics of the public sector, taking a diagrammatic approach to the subject. Particular emphasis is given to the public choice and behavioural economics schools of thought.

  • 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.

About the Author(s)

John Cullis, Reader in Economics, Centre for Development Studies, University of Bath, and 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