Contemporary Western Public Finance - (Second Edition)

Author: Liu Yufei
Publisher:
Publish Date: 2003-12-01
Features: This book is divided into three main parts. The first part explains the necessity of the public sector from the perspectives of market failure, the goals, functions, and tools of public economics, and the provision of public goods. The second part studies the structure, scale, and effectiveness of public expenditures. The third part analyzes theories related to the equity and efficiency of public revenue, optimal taxation, tax incentives, and tax evasion. The book is well-structured, clearly argued, and fluently written, incorporating the latest achievements of contemporary Western fiscal theory, making it an excellent textbook on public finance. This book systematically elaborates on the basic concepts and principles of public finance under market economy conditions. It is divided into three main parts: The first part explains the necessity of the public sector starting from the concept of market failure. The second part discusses general theories and specific analyses of public expenditures, analyzing the operation and efficiency of the public sector, the growth of public expenditures, the economic impact of public expenditures, and the cost-benefit analysis of public expenditure projects. The third part provides the basic principles for conducting normative and empirical analyses of taxation, discussing important issues such as tax fairness, tax efficiency, optimal taxation, tax incidence, tax incentives, and tax evasion. The book is well-structured, clearly argued, and fluently written, incorporating the latest achievements of contemporary Western fiscal theory, making it an excellent textbook on public finance.