Public Finance

Author: Luo Sen
Publisher:
Publish Date: 2000-06-01
Features: American economist Harvey Rosen has integrated the latest developments in Western public finance over the past three decades into his book "Public Finance." At the turn of the century, students, teachers, government decision-makers, and authors and readers of mass media who are concerned about how to trade when there are externalities, the establishment of social security systems, the design of effective and fair tax systems, the inconsistency of the principle of optimal taxation over time, the optimal size of government debt, fiscal decentralization and centralization, tax system structure and corporate asset structure, can all gain new perspectives from this book "Public Finance." It is currently the best undergraduate textbook on public finance in the world. How should the government conduct its fiscal activities? People's views on this issue are greatly influenced by their political philosophy. Some are more concerned with individual freedom, while others are more concerned with the growth of overall social welfare. Philosophical differences can and do lead to different views on the appropriate scope of government economic activities. However, forming a wise opinion on government activities requires not only a political philosophy but also an understanding of the actual activities of the government. Who holds the statutory power to implement economic policies? Where does the government spend its money? How is revenue raised?