Public Sector Economics

Author: Keno Li
Publisher:
Publish Date: 2003-12-01
Features: Economics is a social science, and the application of many basic principles is influenced by various social, political, or economic systems. Many economic theories are based on certain assumptions, and different assumptions may lead to different conclusions. Therefore, correctly understanding and mastering the methods of economic analysis rather than blindly applying conclusions derived under different conditions is the right approach to learning contemporary economics.
The traditional approach of general public finance textbooks is to provide a refined theoretical structure with less emphasis on empirical explanations. The method adopted in this book is different. Whenever possible, we provide readers with newly relevant research findings. Explanations on the importance of the public sector, elasticity (such as labor supply), and the welfare loss caused by specific taxes (such as corporate taxes) are arranged for this purpose.
The book includes the following content: Introduction to Public Sector Economics; The Economic Functions of Modern States; Economic Analysis of Public Goods; Public Choice; Theories and Empirical Analysis of Public Expenditure Growth, etc.