This book is the second edition of Public Finance and Public Policy (2003). It retains the first edition’s themes of investigation of responsibilities and limitations of government. Public choice and
This book is the second edition of Public Finance and Public Policy (2003). It retains the first edition’s themes of investigation of responsibilities and limitations of government. Public choice and
It has been common practice in economic models to portray the politician as a mechanistic individual who behaves to maximize a prespecified conception of social welfare. The self interest and discreti
This new edition restructures and updates the political economy view of the responsibilities and limitations of government. Public-choice and behavioural concepts are prominent. Gender issues are included. Technical concepts are explained from first principles. Economic theory is rigorously applied. Excessive technicality is avoided. The book integrates traditional public finance topics - taxation, public goods, externalities, and income redistribution - with political self-interest, bureaucracy, voting, rent seeking, corruption, and the common-pool problem of public spending. Social justice is viewed as income equality, equality of opportunity, or the right to benefit from one's own effort. Public policies studied include the environment, education, health insurance, welfare payments and entitlements under moral hazard, unemployment insurance, paternalistic impositions, and defence and public safety. This book is ideal for advanced undergraduate and graduate courses that combine econo
This new edition restructures and updates the political economy view of the responsibilities and limitations of government. Public-choice and behavioural concepts are prominent. Gender issues are included. Technical concepts are explained from first principles. Economic theory is rigorously applied. Excessive technicality is avoided. The book integrates traditional public finance topics - taxation, public goods, externalities, and income redistribution - with political self-interest, bureaucracy, voting, rent seeking, corruption, and the common-pool problem of public spending. Social justice is viewed as income equality, equality of opportunity, or the right to benefit from one's own effort. Public policies studied include the environment, education, health insurance, welfare payments and entitlements under moral hazard, unemployment insurance, paternalistic impositions, and defence and public safety. This book is ideal for advanced undergraduate and graduate courses that combine econo
The two-volume set 40 Years of Research on Rent Seeking provides a new, extensive collection of significant academic research on rent seeking, from its beginning to the present. It includes a number o
Deals with rent seeking in practice. This volume includes various applications, which demonstrate that the logic of rent seeking provides a powerful lens through which to observe and understand a broa
The two-volume set 40 Years of Research on Rent Seeking provides a new, extensive collection of significant academic research on rent seeking, from its beginning to the present. It includes a number o
