This text tackles major problems confronting the American President, Congress and the American people: how can the way tax money is spent be improved, the efficiency of the economy be increased, and the distribution of income changed in socially desirable ways? This text provides an up-to-date survey of the outstanding issues in public finance, reporting the most recent advances in the application of economic principles to taxation and public expenditure, and also drawing attention to fertile areas for future research.Since Richard Musgravea#39;s published his Theory of Public Finance in 1959, there has been considerable research on topics relating to fiscal policy in a dynamic setting. Taking Musgravea#39;s Theory as a starting point, this chapter reviews theanbsp;...
|Title||:||Modern Public Finance|
|Author||:||John M. Quigley, Eugene Smolensky|
|Publisher||:||Harvard University Press - 2000-10-09|