Public Finance and Public Policy 2nd Edition Paperback: Responsibilities and Limitations of Government - Tapa blanda

'Public choice, as an economic theory of politics, emerged in the mid-twentieth century because of gaps in the research agenda of public finance. Somewhat surprisingly, however, modern public choice and public finance research programs were never fully integrated. This book admirably meets this objective. It offers a sophisticated and comprehensive treatment of questions involving when and why politics arises, how politics can be predicted to work in practice, and how limits can be placed on political excesses. A well-informed, well-written treatise useful for several levels of readership.' James M. Buchanan, Nobel Laureate, George Mason University

'This book sets a new standard for undergraduate texts on public finance. It is distinguished from other textbooks in the successful integration of traditional public finance with public choice, political economy, and behavioral economics. It provides an exciting, balanced, and up-to-date introduction to traditional topics, such as public goods, the theory of taxation, and externalities, as well as posing deeper questions about social justice, rent seeking, and political competition. The returns from reading this book are high, not only for the novice who is studying the subject for the first time, but also for the seasoned researcher who is looking for a comprehensive and coherent discussion of the literature.' Toke S. Aidt, University of Cambridge

'This text provides a strikingly rich, thoughtful, thought-provoking, and unusually comprehensive overview of academic thinking about the role of government in the economy, emphasizing the role of political institutions in shaping how governments behave, and the resulting trade-offs between private and public provision. The book presents ideas in a way that is eminently accessible to undergraduate students. It is a delight to read.' Roger Gordon, University of California, San Diego

'This book provides a comprehensive and accessible account of the core issues in public finance and public policy. While designed as a textbook, the book is also an organizing guide for practitioners and policymakers, who will find particularly useful the application of concepts to issues in income support and work incentives, education, health care, and the choice between tax financing and user prices.' Sanjeev Gupta, Fiscal Affairs Department, International Monetary Fund, Washington, DC

'This fascinating book provides a clear account of the role of government through public finance and public policy. It gives a balanced and insightful analysis of the scope and limits of what government can and should do. Students will like the clear exposition and researchers will benefit from the book as a reference volume.' Kai Konrad, Max Planck Institute for Intellectual Property, Competition and Tax Law, Munich

'This book is a gem. It brings alive the topics of public finance. The book is an extraordinary piece of work that enables students to achieve a balanced overview of market failures and government failures and thereby gain mature insight into desirable interactions between the market and the state. Teachers and students will benefit from this major achievement for years to come, making this book a classic.' Dennis Snower, Kiel Institute for the World Economy and Christian-Albrechts University, Kiel

Arye L. Hillman is William Gittes Professor of Economics at Bar-Ilan University in Israel. He has taught at Princeton University and UCLA and has been a guest lecturer at universities around the world. Professor Hillman received his Ph.D. in economics from the University of Pennsylvania. His professional papers include research under the auspices of the International Monetary Fund and the World Bank. He is a former president of the European Public Choice Society. Professor Hillman was jointly awarded the Max Planck Prize in Economics for his contributions to political economy.