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The book is divided into three parts. Book One defines the field, specifies the possible meaning of the "effects" of a public finance measure, and describes the criteria by which these measures are commonly appraised. Book Two is concerned with micro public finance and opens with a discussion of the theory of public goods in general. Each of the major free government services and types of transfer payments as well as the taxes that government employs are then examined. This section concludes with a chapter on the relevant aspects of government borrowing and inflationary finance. Book Three considers the major goals of public finance policy and describes how the various instruments described in Book Two can be used in achieving these goals.
Among the topics treated are the use of appropriate instruments to resolve conflict in goals, conceptual problems of measuring the public finance sector and its maximum and minimum economic limits, consensus goals of equity full employment and Pareto-optimism use of resources, and goals that evoke conflicts of interest within any community.
"A very scholarly book of genuine value to its field by Shoup, one of the outstanding authorities in public finance in the world."--Choice
Carl S. Shoup was McVikar Professor of Political Economy at Columbia University. At General MacArthur's request he led the team creating modern Japan's tax system. He was described as "the dean of contemporary public finance experts." Steven Medema is professor in the Department of Economics at the University of Colorado at Denver. He is the author of Economics and the Law and Historians of Economics and Economic Thought and serves as editor of the Transaction Classics in Economics series.
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ISBN: 9780202307855
ISBN-10: 0202307859
Published: 31st October 2005
Format: Paperback
Language: English
Number of Pages: 678
Audience: Professional and Scholarly
Publisher: Taylor & Francis Ltd
Country of Publication: GB
Edition Type: New edition
Dimensions (cm): 22.9 x 15.2 x 3.45
Weight (kg): 1.08
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