Public Finance and the Price System
Macmillan Publishing Company, Jan 1, 1994 - Business & Economics - 566 pages
Focusing on questions and techniques in public finance, this edition aims to provide a balanced coverage of expenditure policies, and includes a new chapter on deficit finance, as well as examinations of social security, health care, tax laws and other governmental policies.
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Overview of Public Sector Fiscal Operations
The Price System
Public Goods and the Free Rider Problem
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additional AFDC allocation analysis average benefit-cost billion budget line capital income cash transfer chapter consider consumers consumption deficit demand curve distribution dollar earnings economic economists effect elasticity equal equilibrium estimates evaluate example excise subsidy excise tax external benefits families federal Figure finance firms fixed-quantity subsidy food stamp program free rider problem government policies government spending health insurance higher important incentive increase indifference curve individual inefficient investment labor supply low-income lower majority marginal benefit marginal cost marginal tax rate marginal welfare cost ment nonrival opportunity cost percent person pollution produce progressive tax public choice public choice theory purchase quantity quintile rate tax receive recipients redistribution reduce replacement rate result retirement saving sector social security sumers supply curve Table tax burden tax revenue taxation taxpayers UI benefits unemployed unemployment voters voting wage rate workers