Are the way in which governments tax and spend efficient, and are they equitable? These questions are central to public sector economics and this second edition of Public Finance and Public Choice illustrates the controversies which surround them. This new edition continues to focus on both the social optimality and public choice approaches but also includes alternative perspectives. This successful text has been extensively rewritten, offering further microeconomic insight and additional examples of the application of theory. New sections include: The private provision of public goods Privatization The quasi market The EC budget QALYs (Quality Adjusted Life Years) Public debt The impact of the public sector on economic growth. This clearly written, rigorous text offers a complete course in the economics of the public sector. It will be an indispensable text for students studying public economics, and also for students taking technical public policy or public administration courses.
Review quote:
'A first-rate textbook which should be a core part of any undergraduate public economics course. It is not intimidating and combines clear exposition and comprehensive coverage of the topics in a very readable style''This book fills a genuine need by providing a joint introduction to Public Choice and Public Finance ... By integrating the discussion Cullis and Jones produce a much more useful textbook. Further, this integration makes certain inter-relations much clearer than they would be in the ordinary handling. Altogether, people interested in keeping students up to date on recent developments will find this a most useful aide.'
The role and the financing of the public sector of each nation's economy has been a worldwide debate in recent years. This undergraduate textbook provides a complete course in the economics of the public sector: ideal for economics students and a useful text for a technical public finance course taken on other degrees. Clearly and lucidly written, Public Finance and Public Choice is a rigorous course which will provide students with an excellent understanding of the subject, and a particular focus on the public choice school of thought.
Review quote:
'A first-rate textbook which should be a core part of any undergraduate public economics course. It is not intimidating and combines clear exposition and comprehensive coverage of the topics in a very readable style''This book fills a genuine need by providing a joint introduction to Public Choice and Public Finance ... By integrating the discussion Cullis and Jones produce a much more useful textbook. Further, this integration makes certain inter-relations much clearer than they would be in the ordinary handling. Altogether, people interested in keeping students up to date on recent developments will find this a most useful aide.'
The role and the financing of the public sector of each nation's economy has been a worldwide debate in recent years. This undergraduate textbook provides a complete course in the economics of the public sector: ideal for economics students and a useful text for a technical public finance course taken on other degrees. Clearly and lucidly written, Public Finance and Public Choice is a rigorous course which will provide students with an excellent understanding of the subject, and a particular focus on the public choice school of thought.