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Lectures on Public Economics: Updated Edition
The definitive textbook on public finance―now back in print for the first time in years
This classic introduction to public finance remains the best advanced-level textbook on the subject ever written. First published in 1980, Lectures on Public Economics still tops reading lists at many leading universities despite the fact that the book has been out of print for years. This new edition makes it readily available again to a new generation of students and practitioners in public economics.
The lectures presented here examine the behavioral responses of households and firms to tax changes. Topics include the effects of taxation on labor supply, savings, risk-taking, the firm, debt, and economic growth. The book then delves into normative questions such as the design of tax systems, optimal taxation, public sector pricing, and public goods, including local public goods.
Written by two of the world's preeminent economists, this edition of Lectures on Public Economics features a new introduction by Anthony Atkinson and Joseph Stiglitz that discusses the latest developments in the field and areas for future research.
This classic introduction to public finance remains the best advanced-level textbook on the subject ever written. First published in 1980, Lectures on Public Economics still tops reading lists at many leading universities despite the fact that the book has been out of print for years. This new edition makes it readily available again to a new generation of students and practitioners in public economics.
The lectures presented here examine the behavioral responses of households and firms to tax changes. Topics include the effects of taxation on labor supply, savings, risk-taking, the firm, debt, and economic growth. The book then delves into normative questions such as the design of tax systems, optimal taxation, public sector pricing, and public goods, including local public goods.
Written by two of the world's preeminent economists, this edition of Lectures on Public Economics features a new introduction by Anthony Atkinson and Joseph Stiglitz that discusses the latest developments in the field and areas for future research.
568 pages, Hardcover
First published April 1, 1980
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March 2, 2018
Atkinson and Stiglitz provide a great representative sampling of the field of public economics and finance using the standard toolkit of economic models (competitive and Lindahl equilibria, overlapping generations, balanced growth, voting equilibrium, etc.) as well as relaxing assumptions to allow for more realistic models of the political economy including those with imperfect information, market power, multiple equilibria, the Arrow impossibility results, and alternative theories of the state. Where they shine are the exercise problems to help reinforce the material (advanced calculus required) and more importantly their interest in taking up normative questions (to paraphrase them: to develop a grammar for speaking and evaluating normative claims) as opposed to leaving normative assumptions unspoken or simply reducible to notions of Pareto optimality.
Displaying 1 of 1 review