Handbook of Public Economics (Google eBook)

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Martin Feldstein, A.J. Auerbach
Elsevier, Jan 25, 2002 - Business & Economics - 674 pages
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The Field of Public Economics has been changing rapidly in recent years, and the sixteen chapters contained in this Handbook survey many of the new developments. As a field, Public Economics is defined by its objectives rather than its techniques and much of what is new is the application of modern methods of economic theory and econometrics to problems that have been addressed by economists for over two hundred years. More generally, the discussion of public finance issues also involves elements of political science, finance and philosophy. These connections are evidence in several of the chapters that follow.

Public Economics is the positive and normative study of government's effect on the economy. We attempt to explain why government behaves as it does, how its behavior influences the behavior of private firms and households, and what the welfare effects of such changes in behavior are. Following Musgrave (1959) one may imagine three purposes for government intervention in the economy: allocation, when market failure causes the private outcome to be Pareto inefficient, distribution, when the private market outcome leaves some individuals with unacceptably low shares in the fruits of the economy, and stabilization, when the private market outcome leaves some of the economy's resources underutilized. The recent trend in economic research has tended to emphasize the character of stabilization problems as problems of allocation in the labor market. The effects that government intervention can have on the allocation and distribution of an economy's resources are described in terms of efficiency and incidence effects. These are the primary measures used to evaluate the welfare effects of government policy.
  

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Contents

19702000
xxvii
CAPITAL INCOME TAXATION
1107
THEORY OF TAXATION
1345
THEORY OF GOVERNMENT
1547
Author Index
1
Subject Index
21
Handbooks in Economics
29
Forthcoming Titles
31
Copyright

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Page v - ... SWEENEY This Handbook is in 3 volumes. The first two deal with environment and renewable resources. The third volume will deal primarily with non-renewable resources. Together, these three volumes cover the whole range of topics falling under the broad heading of Natural Resources Economics. They are a definitive source, reference, and teaching supplement for use by professional researchers and advanced graduate students.

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About the author (2002)

John Y. Campbell is the Otto Eckstein Professor of Applied Economics at Harvard University and a research associate of the National Bureau of Economic Research.
Martin Feldstein is the George F. Baker Professor of Economics at Harvard University and president and CEO of the National Bureau of Economic Research. He is the editor of many books, including "Privatizing Social Security" and "International Capital Flows," also published by the University of Chicago Press.

Alan J. Auerbach is Director of the Robert D. Burch Center for Tax Policy and Public Finance and Professor of Economics and Law, University of California Berkeley.

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