Public finance and taxation Books

Book SynopsisPieter Hennipman, the leading Dutch economist of the post-war period, made many substantial contributions to economic policy, welfare economics and, latterly, the methodology and history of economic thought during a long and distinguished career.Welfare Economics and the Theory of Economic Policy brings together a key selection of Professor Hennipman's papers - many of which have not been published in English before - which express his profound analysis of the theory of economic policy and his masterful discussion of its definition, character and scope. The pioneering work featured here developed his argument that normative economic statements and economic policies can be analysed scientifically and evaluated with the use of objective criteria. Prominent among these papers are the contributions to welfare economics and Pieter Hennipman's examination of the transition from the view that welfare was exclusively dependent on production to one which saw it as a subjective phenomenon dependent upon consumption. This volume also includes his rigorous and insightful essays on the history of the theory of welfare economics.With a thorough introduction by Donald Walker, this comprehensive volume will improve access to Professor Hennipman's outstanding contributions on the nature of the theory of economic policy as well as papers which place welfare theory in relation to other sections of economic theory in a penetrating and sophisticated manner.Trade Review'This book provides an excellent reference volume by bringing together a collection of this distinguished author's key papers covering analysis of the theory of economic policy and discussion of its definition, character and scope.' -- Aslib Book Guide'. . . I recommend the book especially to the "mainstream" sceptics.'– Yew-Kwang Ng, The Manchester SchoolTable of ContentsContents: Preface Introduction 1. On the Theory of Economic Policy 2. Pareto Optimality: Value Judgement or Analytical Tool? 3. Welfare Economics: The Hennipman–Mishan Debate 4. The Reasoning of a Great Methodologist: Mark Blaug on the Nature of Paretian Welfare Economics 5. Two Kinds of Interpersonal Utility Comparison 6. Distribution in Paretian Welfare Economics 7. Wicksell and Pareto: Their Relationship in the Theory of Public Finance 8. Some Notes on Pareto Optimality and Wicksellian Unanimity 9. A Tale of Two Schools: Comments on a New View of the Ordinalist Revolution 10. Hicks, Robbins and the Demise of Pigovian Welfare Economics: Rectification and Amplification Index

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Book SynopsisContaminated land policy is a key concern of governments and policy makers across the globe, yet discussion has traditionally focused on the particular experience of the United States. This major new book develops a framework for assessing laws and regulations regarding contaminated land and polluted properties, their clean up and reuse, and the assignment of costs and responsibilities for reclamation.In Contaminated Land, the authors, a European and two Americans, lay out a framework for cross- national comparisons of policy contexts as well as ways of examining the outcomes of different approaches to contaminated land and systematically compare approaches to this issue in both the EU and US. The use of this framework leads to a reassessment of specific policies, such as the polluter pays principle, which may be more successful in the EU than it has been in the US, and subsidiarity which, while problematic in Europe, may hold promise in a US application. Specific issues discussed include the nature and extent of the contaminated land problem, legal implications, regulation in the US, the 1980 Comprehensive Environmental Liability, Compensation and Reclamation Act, European experience and EU environmental policy, integrated comparative analysis and some lessons for the future.Contaminated Land offers valuable insights on policy responses to the problem of badly polluted land from the perspectives of planning, economics and sociology. In particular, this volume offers frameworks for comparison of different national settings to help determine the preferred and most promising approaches to contaminated land in any social, economic and legal policy context.Trade Review'Contaminated Land fills an unserved niche in the literature. Few other books are available on this topic. The book is non-technical, and therefore very accessible. It should be successful in addressing its intended audience, which would include government regulators, people interested in the evolution of environmental issues, and scholars doing comparative analysis of policymaking. . . . this book is well worth reading and makes a substantial contribution to the debate and literature on brownfields redevelopment.'Table of ContentsContents: Introduction 1. The Contaminated Land Problem 2. Dimensions of National Contaminated Land Policy Contexts 3. The Emergence of Environmental Concern and Toxics Policy in the United States 4. The CERCLA Experience and Debates over Change 5. The European Context and European Union Environmental Policy 6. Contaminated Land Policy in the European Union and its Member-States 7. Comparisons and Contrasts: Integrated Comparative Analysis 8. Lessons for Future Contaminated Land Policy: Prospects and Pitfalls

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Book SynopsisIn Fiscal Policy and Social Welfare John Creedy examines alternative tax and transfer systems and their redistributive effects.Drawing on original research, this volume concentrates on modelling tax structures and their implications for social welfare and income distribution. After reviewing various inequality and tax progressivity measures, as well as social welfare functions, the discussion moves systematically from a framework with fixed labour supplies to one in which labour supplies respond to changes in the tax system. Attention is given to taxes in a multi-period context, including the treatment of pension schemes. Finally, the analysis is extended to a general equilibrium framework involving many individuals. Extensive use is made of numerical examples and diagrams.Researchers, students and policy makers will welcome this rigorous and consistent treatment of alternative tax and transfer systems and their effects on social welfare, income distribution and tax progressivity, in both partial and general equilibrium contexts.Trade Review'. . . this text provides a central reference for anyone interested in the welfare implications of tax-benefit systems and it can be warmly recommended.'Table of ContentsContents: Introduction Part I: Fixed Labour Supplies Part II: Variable Labour Supplies Part III: General Equilibrium Reference Index

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Book SynopsisAt a time when state assistance to the arts sector has come under considerable scrutiny both in Europe and the United States, this book comprehensively examines the evolution of, and rationale for, state involvement with the so-called 'high' arts on both continents. This book offers an overview of the key economic issues arising in relation to the state and the arts in these regions, with a detailed analysis of the European and American models of state assistance to the high arts sector.John O'Hagan examines in detail the various channels - regulation, taxation and direct expenditure - through which the state interacts with the arts and compares and contrasts the experiences of America and Europe. Regulatory measures considered include the guarantee of artistic freedom, copyright, resale royalties for artists, and trade restrictions. He also considers taxation measures to support the arts, including deductions for charitable contributions to the arts, property tax exemption, and relief on artists' income. The discussion on direct expenditure covers state ownership of institutions, revenue funding and matching grants as well as new avenues of expenditure such as community arts/arts centres, and new revenue sources for this expenditure, such as lottery funding. Finally the book covers the non-profit making arts sector, and examines why it, and not the commercial sector, receives private and state funding.The State and the Arts will be indispensable for students and academics of public and social policy, cultural economics and public management. It will also be of considerable interest to policymakers and key players in the arts sector.Trade Review'O'Hagan has taken on a difficult task indeed in trying to sort through the evidence on the state and the arts. He has opened the door to numerous potential research papers, and made clear the need for much more work to be done in the area of data classification and collection. He has also done the valuable task of pulling together previous research from a variety of sources, many of which will not be familiar to economists. I will be consulting this book often.'Table of ContentsContents: Preface 1. Introduction Part I: Policy Rationale: Why the State gets Involved 2. Non-Private Benefits 3. Information Failures and Distributional Issues Part II: Policy Implementation: How the State gets Involved 4. Regulation 5. Taxation 6. Direct Expenditures Part III: Sectoral Policy Issues: Effects of State Involvement 7. Art Museums 8. Performing Arts Institutions Index

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Book SynopsisThis pioneering study shows that economic integration in the Americas is not simply a matter of removing trade barriers. Economic Integration in the Americas addresses the pervasive effects of economic integration on the economy as a whole.This important book examines elements of financial integration and capital mobility in North America and addresses in turn the effects of the North American Free Trade Association on Mexico, comparisons between NAFTA and the European Union, the impact of NAFTA on issues such as social protection, migration and Canadian agricultural policy, and finally, regionalism and multilateralism in the Western hemisphere. While drawing on the experience of European integration, the authors recognize that new, broader analyses are required in the Western hemisphere to allow for the ranges of country size, natural resource endowments and per capita incomes. Sensitive to the political interests involved in economic integration between unequal partners, Economic Integration in the Americas offers students, researchers and policymakers a better understanding of policy at both national and supranational levels.Trade Review'This collection will be well worth reading for those interested in problems and consequences of closer economic integration in North America. It will add to the understanding by those in Europe of the problems of integration between large and small countries and countries with great disparities in income and wealth. The inclusion of several chapters on Mexico is particularly illuminating.' -- David G. Mayes, The Economic JournalTable of ContentsContents: Foreword (R.Eckaus) Acknowledgements Introduction Part I: Aspects of Financial Integration and Capital Mobility in North America Part II: Mexico under NAFTA Part III: NAFTA and the European Union Compared Part V: Issues of Economic Integration : NAFTA and Beyond Part V: Regionalism vs Multilateralism: The Western Hemisphere Index

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Book SynopsisThis collection of essays is a state-of-the-art analysis of key issues confronting the European Union. Identifying European economic integration as one of the defining features of modern international economics, the authors examine many aspects and consequences of this integration which remain as yet obscure and unexplored. In this book, after addressing general issues concerned with European integration, the authors include empirical and theoretical analyses of the monetary union, social policy reform and social union, public finance in the EU, the EU's agriculture and technology policies, and direct foreign investment into the EU. In particular, the volume includes detailed discussion of Greek membership of the EU, supplying a context in which many of the general issues of industrial adjustment, investment and politics can be examined.Using a wide range of topics, methodologies and perspectives, Economic Integration and Public Policy in the European Union offers a stimulating and wide-ranging presentation which will be of interest to economic theorists, empirical social scientists, policymakers and the informed general reader.Trade Review'. . . this book should be warmly welcomed. . . . the book will be most appreciated by those with adequate knowledge of both economics as well as EU public policy. Those readers will find this book worthwhile reading.' -- Amy Verdun, European IntegrationTable of ContentsContents: Foreword (R. Eckaus) Acknowledgements Introduction Part I: European Integration: General Issues and Problems Part II: Empirical and Theoretical Analyses of Monetary Union Part III: Social Policy Reform and Social Union Part IV: Public Finance in the European Union Part V: European Union: Policies and Accession Part VI: Greece and the European Union Index

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Book SynopsisThis excellent book provides a welcome collection of David Teece's most important writings in the related areas of strategy and technology and their implications for public policy.These papers are the result of an ambitious agenda to analyse concepts in economics, organizational theory and management policy to provide a uniquely integrated global view of strategy, technology and public policy. Key topics which are addressed include: fundamental issues in strategic management technology and technology transfer antitrust regulation and deregulation technology policy The volume also includes an extensive introduction which provides a biographical insight into the development of the author's career and his continuing research into the areas the articles in this volume exlore. David Teece's style of writing is succinct and logical and the material presented in this volume, and in its companion Economic Performance and the Theory of the Firm, will be of great interest to economists, managers, consultants and policy makers.Trade Review'Few economists in the twentieth century have made so many significant contributions to different areas of industrial economics as David Teece. He has led the way in integrating industrial organization, technological innovation and strategic management, and these two volumes show how he did it.' -- Mark Casson, University of Reading, UKTable of ContentsContents: Introduction Part I: Strategy Part II: Technology Transfer and Licensing Part III: Public Policy Index

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Book SynopsisThis volume presents an authoritative collection of the most significant papers on fiscal federalism and local finance. In addition to some classic papers, it offers clear and insightful presentations of conventional wisdom in the field as well as recent papers which illuminate important issues and point the way to ongoing research. Topics covered include federal tax structure and the division of fiscal functions among levels of government, the effect of local taxes on economic growth, the systems of governmental grants, income redistribution, the theory and practice of local finance and fiscal decentralization in developing countries and transitional economies.Trade Review . . this compilation of articles to fiscal federalism and local finance is of highest quality and a must for each scholar interested in this field. Moreover, it is edited by Wallace Oates who is the father of the analysis of fiscal federalism. Thus, it is no surprise that the book contains the most outstanding classical papers in the field. All in all, this selection of papers is the best that can be drawn from the literature. . . . this volume . . . has been published right in time to set the pace for the future.’ -- Lars P. Feld, KyklosTable of ContentsContents: Introduction Part I: Overview Part II: Taxation in a Federal System III: Intergovernmental Grants Part IV: Redistribution in a Federal System Part V: Local Finance Part VI: Fiscal Decentralization in the Developing and Transitional Economies Name Index

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Book SynopsisLocal communities in all countries are increasingly aware of resource scarcity and are pressing for more say in how funds are used. Developments in Local Government Finance examines key issues for economists interested in local government and, in particular, the functioning of institutions at regional and local levels.Local government organization and finance are addressed from a variety of approaches by the authors who critically examine the current intergovernmental distribution of responsibility for service provision and revenue raising. Adopting a multilateral approach to theory and policy, this major book stresses the need for real, and not just formal, devolution and greater local accountability. The contributors highlight how instruments for financing local government and for pursuing interpersonal and geographical equity can vary considerably between countries with broadly similar systems, yet be surprisingly similar for countries with quite different institutional arrangements. Particular reference is made to emerging problems in the European Union and the experience of Switzerland, a country where fiscal federalism and tax harmonization are living together in a unique equilibrium of forces.Developments in Local Government Finance presents a major contribution to the understanding of local government and finance for both students and practitioners.Table of ContentsContents: Part I: New Solution to Old Problems Part II: Applying Theory to the Real World Part III: Local Government and Local Policy Making: Autonomy and Constraints Part IV: Fiscal Issues for Existing and Future Federations

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Book SynopsisThis major new book provides an accessible and innovative introduction to general equilibrium analysis and associated welfare economics. In this distinct and refreshing treatment, John Creedy develops a simple two sector model using only diagrams and simple mathematics to ensure that this treatment will be accessible to students.The analysis of exchange and the gains from trade in the context of price taking behaviour are the subject of the first part of the book. Special attention is given to general equilibrium supply and demand curves and, in contrast with partial equilibrium treatments, the possibility of multiple equilibria. Trading at disequilibrium prices, the influence of the numbers of traders and bargaining solutions are then discussed before production is added to the analysis and the two sector model constructed. General Equilibrium and Welfare will be welcomed for its accessible introduction to General Equilibrium analysis and for the strong emphasis it places on exchange, which is closely in line with the work of early neoclassical writers such as Jevons, Walras, Edgeworth and Wicksell.Trade Review'. . . it is certainly well written and it is useful for students who are not seeking a stepping-stone to more advanced topics.' -- Rabee Tourky, La Trobe University, AustraliaTable of ContentsContents: 1. Introduction Part I: Exchange with Price-Taking 2. Non-Utility Analysis 3. Utility Analysis of Exchange 4. Welfare Analysis of Exchange Part II: Exchange Without Price-Taking 5. Trading at Disequilibrium Prices 6. The Role of the Number of Traders 7. Bargaining Solutions Part III: General Equilibrium 8. The Two Sector Model 9. Solving the Two - Sector Model Index

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Book SynopsisFiscal Policy and Interest Rates in the European Union is a comprehensive study concerned with the potential effects of fiscal policy on financial markets in the European Union. It takes into account the gradual liberalization of capital movements throughout Western Europe and the institutional framework of the European monetary system. Klaas Knot takes a fresh approach to the impact of budget deficits on interest rates, especially in relation to international financial integration, and concludes that the increases in European budget deficits since the early 1970s have raised interest rates in the long term throughout the Union. In conclusion he argues that balanced budget deficits are necessary to maintain low interest rates.This important new book will be of interest to students, academics and policymakers concerned with monetary and public economics.Trade Review'The literature survey nature of some of the chapters in the book will prove invaluable to final year and postgraduate students, as well as to researchers new to the fields of interest and exchange rate determination.' -- Bob Sedgewick, Economic JournalTable of ContentsContents: 1. Introduction and Outline 2. Fiscal Policy: Theory, Determinants and Measurement 3. European Capital Markets: Deficit and Interest Rates 4. Deficit Announcements and Interest Rates in Germany 5. Interest Rate Differentials and Exchange Rate Policies in the European Monetary System 6. Fundamental Determinants of Interest Rate Differentials in the EMS 7. Summary and Conclusion Bibliography Indexes

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Book SynopsisFinancing Decentralized Expenditures presents new original research papers on the structure of intergovernmental fiscal relations in virtually all types of countries and the design and implementation of transfer mechanisms between different levels of government.In developing, transition, and industrial countries alike, the process of decentralization of government expenditures has proceeded apace to provide better accountability and quality of services to consumers. At the same time, tax administration constraints dictate the central collection and assignment of the major sources of revenues - particularly income taxes and VAT. This generates an imbalance in favour of the central government. The manner in which this imbalance in redistributed affects the degree and nature of decentralization generating considerable debate in countries as diverse as Italy and Denmark, those in North America, as well as countries in transition, such as China and Russia.The book includes a balance of overview pieces that explore the general issues supplemented by a large number of studies of intergovernmental transfer systems in specific countries. It offers a unique source of reference by providing a wealth of information of grant systems around the world.Trade Review'. . . the book is a useful addition to the literature on fiscal federalism and state-local finance as for the first time in one volume one can find analysis of grant systems of several countries.'Table of ContentsContents: Foreword (W.Oates) Acknowledgements 1. Intergovernmental Transfers – An International Perspective (E. Ahmad) 2. Assessing Provincial Revenue-Raising Capacity for Transfers (D.H. Clark) 3. Expenditure Needs: Institutions and Data (C.R. Rye, B. Searle) 4. The Fiscal Transfer System in Canada (D.H. Clark) 5. Intergovernmental Transfers in Switzerland and Germany (P.B. Spahn) 6. The Fiscal Transfer System in Australia (C.R. Rye, B. Searle) 7. Denmark and Other Scandinavian Countries: Equalization and Grants (J.R. Lotz) 8. Financing Regional and Local Governments – Italy and Spain (G. Brosio) 9. Intergovernmental Transfers in India (M.G. Rao) 10. Local Autonomy and Fiscal Resources in Korea (S.K. Kim) 11. Fiscal Transfers in Indonesia (Z. Qureshi) 12. The New Revenue-Sharing Arrangement in China: An Illustrative Example ( D. Mihaljek) 13. Constraints in Reforming the Transfer System in China (L. Jiwei) 14. Types of Transfers - A General Formulation (E. Ahmad, R. Thomas)

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Book SynopsisThis comprehensive book presents an original reconstruction of the different interpretations of the Phillips curve. The authors demonstrate through an in-depth analysis how it is possible to find non-neoclassical foundations in the trade-off between inflation and unemployment. The debate is presented from a historical perspective which charts the evolution of the Phillips curve from a non-neoclassical perspective, taking account of post Keynesian literature.In the first part of the book the authors focus on the origins of the Phillips curve and they critically analyse Richard Lipsey's interpretation and approach to the Phillips curve. They then explore the neoclassical and monetarist interpretation, paying special attention to the evolution of monetarism and the Keynesian critique of this approach. The Kaleckian, Keynesian and Marxist interpretations of the Phillips trade-off are then presented. Here the authors show how the relationship between inflation, unemployment and money described in these approaches accurately reflects the fundamental features of today's capitalist economies. In the final section a new Phillips curve is constructed, taking into account the non-accelerating inflation rate of unemployment and the hysteresis of it.Inflation, Unemployment and Money will be of interest to macroeconomists, post Keynesians and monetary and financial economists.Table of ContentsContents: Preface 1. The Origins: Phillips’s and Lipsey’s Contribution 2. Keynesians and Monetarists on the Phillips Curve 3. Neoclassical Interpretations of the Phillips Curve and the Microfoundations of Macroeconomics 4. The Phillips Curve and Stagflation 5. Unorthodox Interpretations of the Phillips Curve 6. Phillips Curve, Hysteresis and Keynesian Theory Bibliography Index

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Book SynopsisTax Policy provides a comprehensive collection of the most important and widely-cited articles on tax politics and policy. Essays by the leading political scientists, economists and lawyers in the field cover the key intellectual dilemmas and policy issues in the field of taxation.Topics covered include: the foundations of tax policy; an exploration of the public's attitude to taxes and taxation; the principles behind the making of tax policy; tax incentives and tax expenditure; the need for tax reform in the late 1980s and the form of these changes; and the relationship between internationalization and domestic tax policy choicesTable of ContentsContents Introduction Part I: Foundations of Tax Policy 1. A. Downs (1960), ‘Why the Government Budget Is Too Small in a Democracy’ 2. J.M. Buchanan and R.E. Wagner (1978), ‘The Political Biases of Keynesian Economics’ Part II: Public Opinion and Taxation 3. J. Citrin (1979), ‘Do People Want Something for Nothing: Public Opinion on Taxes and Government Spending’ 4. P. Beedle and P. Taylor-Gooby (1983), ‘Ambivalence and Altruism: Public Opinion about Taxation and Welfare’ 5. A. Lewis (1978), ‘Perceptions of Tax Rates’ Part III: Explaining the Tax Outcomes 6. J.E. Alt (1983), ‘The Evolution of Tax Structures’ 7. R. Rose (1985), ‘Maximizing Tax Revenue While Minimizing Political Costs’ 8. R.F. King (1983), ‘From Redistributive to Hegemonic Logic: The Transformation of American Tax Politics, 1894–1963’ 9. B. Haskel (1987), ‘Paying for the Welfare State: Creating Political Durability’ 10. C.J. Martin (1989), ‘Business Influence and State Power: The Case of U.S. Corporate Tax Policy’ 11. S. Steinmo (1989), ‘Political Institutions and Tax Policy in the United States, Sweden, and Britain’ 12. D.R. Cameron (1978), ‘The Expansion of the Public Economy: A Comparative Analysis’ Part IV: Tax Expenditures 13. S.S. Surrey (1970), ‘Tax Incentives as a Device for Implementing Government Policy: A Comparison with Direct Government Expenditures’ 14. B.I. Bittker (1969), ‘Accounting for Federal “Tax Subsidies” in the National Budget’ 15. P.R. McDaniel (1978), ‘Federal Income Tax Simplification: The Political Process’ 16. J.F. Witte (1983), ‘The Distribution of Federal Income Tax Expenditures’ Part V: Tax Reform 17. T.J. Reese (1979), ‘The Politics of Tax Reform’ 18. J.F. Witte (1986), ‘The Tax Reform Act of 1986: A New Era in Tax Politics?’ 19. G. Mucciaroni (1990), ‘Public Choice and the Politics of Comprehensive Tax Reform’ 20. J.G. Cullis, P.R. Jones and O. Morrissey (1993),‘The Charge of the Tax Brigade: A Case Study of Government Failure and Tax Reforms’ Part VI: Tax Policy in a Globalizing World 21. J. Bossons (1988), ‘International Tax Competition: The Foreign Government Response in Canada and Other Countries’ 22. D.R. Lee and R.B. McKenzie (1989), ‘ The International Political Economy of Declining Tax Rates’ 23. J.A. Pechman (1990), ‘The Future of the Income Tax‘ Name Index

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Book SynopsisManaging Public Debt combines a theoretical and empirical analysis of the advantages of issuing index-linked bonds and potential problems that may arise and how sovereign issuers should deal with them. International in its approach, this book will be especially welcomed in those countries where index-linked programmes are in operation or being discussed. It considers the experiences of the UK, Sweden and Italy, providing new insights which will be of special interest to economists and officials in the US Treasury who will shortly begin issuing index-linked bonds. Other issues discussed include the impact of index-linked bonds on the cost of public debt of sovereign issuers and the advantages of such bonds compared to conventional bonds; the market perspective on index-linked bonds in view of the European Monetary Union and alternative uses and strategic aspects of index-linked bonds.This important book will be invaluable to policymakers, government institutions, academics and postgraduate students as well as market practitioners.Trade Review'. . . many sovereign debt managers will find Managing Public Debt very useful.' -- Finance and Development'The book is international in its approach which should be particularly welcomed in those countries where index-linked programmes are in operation or being discussed.'– International Review of Administrative SciencesTable of ContentsContents: Introduction 1. Index-linked Government Securities: The UK Experience and Perspective (J. Townend) 2. Index-linked Bonds: The Swedish Experience (M. Persson) 3. Inflation-protected Retirement Plans (Z. Bodie) 4. Tax Smoothing with Price-index-linked Bonds: A Case Study of Italy and the United Kingdom (A. Missale) 5. Reducing the Cost of Government Debt: The Role of Index-linked bonds (S. Foresi, A. Penati, G. Pennacchi) 6. Index-linked bonds from an Academic, Market and Policy-making Standpoint (E. Barone, R.S. Masera) 7. Real Interest Rates and Inflation: An Ex-ante empirical Analysis (S. Kandel, A.R. Ofer, O. Sarig) 8. Who’s Afraid of Index-linked Bonds? (L. Pecchi, G. Piga) 9. Differences and Anologies Between Index-linked and Foreign-currency Bonds: A Theoretical and Empirical Analysis (F. Drudi, A. Prati) Index

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Book SynopsisBaumol's Cost Disease is the inevitable escalation of the real costs that occur in labour-intensive industries like the arts, health care and education. The labour costs in these industries tend to increase at the same rate as other industries, but their scope for utilizing labour-saving technical progress is either small or non-existent.The book opens with an introduction by Ruth Towse in which there is an overview of William Baumol's work. In this discussion Ruth Towse examines Baumol's work in the context of the development of the economics of the arts. The volume is then divided into parts and begins by introducing William Baumol's work through several autobiographical essays. This is followed by some of his early contributions to cultural economics and the cost disease. William Baumol's leading macroeconomic work on the 'unbalanced growth model' is also included and the debate about it at its inception. In parts three and four some of the more empirical papers on the arts are presented as well as essays on policy implications for the arts. Following this are chapters on the theatre and publishing as well as historical studies of the arts and the implications of the cost disease for libraries, health care and education.This book contains William Baumol's contribution to cultural economics and spans over 30 years of writing on the subject, much of which is not widely available. It provides a real insight into the development of Baumol's analysis and his perception of the problems of the arts and other labour-intensive sectors.Trade Review'Baumol is probably recognised more for his contribution to the economics of the performing arts than of scholarly communications. His observation of information technology is rarely cited when it should be. Even his sometime co-author, William G. Bowen, seems unaware of Baumol's diagnosis of the cost disease in academic libraries. Hopefully, the present volume will help remedy this gap.'

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Book SynopsisThe field of economic demography has expanded in recent years because of the perceived relevance of economic constraints to family formation and to demographic behaviour. [The increased availability of household surveys from countries at all levels of development and the advances of methods for analysing such data have encouraged empirical extensions and the testing of household demand theories.]This authoritative collection presents in two volumes some of the influential ideas which have helped to adapt economic theory and methods to analysing the determinants and consequences of demographic behaviour and to relating such behaviour to the investments in human capital which account for much of modern economic growth.It focuses on the following topics: the estimation of wage functions - a key building block for economic demography because it explains how human capital formation affects human productivity and contributes to economic growth; health and longevity, the second most notable source of human capital accumulation; the evolution of the household production model; cooperative and bargaining approaches to the household entity; models dealing with fertility and female labour supply; models which examine the problems of fertility and investments in child quality; an exploration of how gender affects schooling, health and wage-earning potential; the effect on wages of the size and skill of the labour supply; some historical aspects of economic demography; the effects of population growth on economic development; and questions of savings, inheritance and the economic consequences of an aging population.Table of ContentsContents: Acknowledgements • Introduction Volume I: Part I: Estimation of Wage Functions and Returns to Human Capital Part II: Health: Length of Life, Stature and Sickness Part III: Individual and Household Behavior: Production and Consumption Part IV: Family Coordination: Unified and Bargaining Approaches Volume II: Part I: Life Cycle Choices: Marriage, Fertility, and Postschooling Training Part II: Quality-Quantity Trade-Off: Fertility and Investments in Child Quality Part III: Gender Gap in Human Capital Part IV: Wage Structures by Cohort Size and Skills: Supplies and Demands Part V: Pre-Industrial Economic-Demography Equilibrium Part VI: Economic-Demography Interactions in Today’s Low-Income Countries Part VII: Savings, Intergenerational Exchange and Aging

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Book SynopsisPaul Dale Bush has been an imaginative and important contributor to the neo-institutionalist economic literature in the United States for over three decades. This is the first of two volumes presenting a tribute to this highly influential scholar.The majority of Paul Dale Bush's recent scholarly writings have addressed the clarification and refinement of the pragmatic instrumentalist model of inquiry. This book first reviews Dale Bush's main contributions to academic life and to neo-institutional scholarship. Internationally recognized contributors - Phillip Anthony O'Hara, Erkki Kilpinen, Geoffrey M. Hodgson, Kurt Dopfer, Warren J. Samuels, Edythe S. Miller, Ann L. Jennings and William Waller - then provide a penetrating analysis of the Veblen-based neo-institutionalist theoretical approach to inquiry and its reflection in social value theory.This book will be of great interest to postgraduate students and scholars in the field of institutional economics, political economy, history of economic thought, methodology and social value theory.Table of ContentsContents: 1. The Contribution of Paul Dale Bush to Academic Freedom and Institutional Economics 2. The Pragmatic Foundations of the Institutionalistic Method: Veblen’s Preconceptions and their Relation to Peirce and Dewey 3. Dichotimizing the Dichotomy: Veblen versus Ayres 4. On Veblen’s Coining of the Term ‘Neoclassical’ 5. Causality and Order in Economics: Foundational Contributions by G. Schmoller and W. Eucken 6. The Historical Quest for Principles of Valuation: An Interpretive Essay 7. Institutional Economics and Eternal Verities: A Contribution to the Discussion 8. Institutions and Social Valuation Index

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Book SynopsisThroughout his long career as a professional scholar, Paul Dale Bush has been a cogent theorist, a model practitioner and an ardent defender of academic freedom and of democratic practices. Institutionalist Theory and Applications is the second of two volumes celebrating his career and his contribution to neo-institutional economics.This volume presents contributions by a distinguished group of institutionalist scholars: Edythe S. Miller, Philip A. Klein, James A. Cypher, F. Gregory Hayden, John Groenewegen, Peter Soderbaum, Charles M.A. Clark, Catherine Kavanagh and Janice Peterson. The book explores the interdependence of theory and policy and applies institutional theory to several problem areas of governance and performance.This book will be of great interest to postgraduate students and academics in the field of institutional economics, evolutionary economics, political economy, history of economic theory, methodology, social economics, social policy and social value theory.Table of ContentsContents: Preface 1. Instrumental Inquiry and Democratic Governance 2. The Interdependence of Theory and Practice 3. Normative Macroeconomics 4. Financial Dominance in the US Economy 5. Normative Analysis of Instituted Processes 6. Changes in the Institution of Corporate Governance 7. Science, Ethics and Democracy 8. How are we Doing? 9. Institutional Economics in the Classroom Index

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Book SynopsisThis is the third and final volume written in honour of Bernard Corry and Maurice Peston by an internationally renowned group of experts, and focuses on the application of economics to policy advice.The contributors to this volume consider practical policy issues including labour market policy and the problem of unemployment, methodology and econometric analysis, taxation policy, industrial regulation, practical applications of transaction cost theory in the European Union, policy issues such as foreign direct investment and pension reform affecting transition economies and training policies in developing countries.Table of ContentsContents: Introduction Part I: Labour Markets and Employment 1. The Post-redundancy Experience and the Dynamics of Local Labour Market Adjustment 2. Flexible Labour Markets and Economic Performance 3. Firms’ Strategies and Cooperative Games Part II: Methodological Issues in Economic Policy 4. Problems of Time-series Econometrics 5. Why Firms Invest Less but Adopt Higher Capital Intensity as the Capital Stance Tightens 6. Do Shocks Matter? Part III: Policy Issues 7. Household Production, Human Capital and Optimal Linear Income Taxation 8. Ex Post Value Regulation of Pharmaceutical Prices 9. Timing of Payment Conventions for Consumer Purchases Part IV: Economic Policy, Transition and Development 10. China’s Overseas Investment 11. Pension Reform in Central and Eastern Europe 12. A Governmental Role in Training Markets in Developing Countries Index

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Book SynopsisThis major book presents an objective and penetrating economic analysis of stabilization and reform in Eastern Europe, combined with a compassionate plea for individual rights and solidarity.Janos Kornai - one of the most famous Hungarian economists of his generation - focuses on two main issues: first, the problems of stabilization and adjustment, which are painful but necessary conditions of sustainable growth and second, the reform of the 'premature welfare state' of Eastern European countries, which is disproportionately large in relation to the resources available and which was hitherto managed in a highly centralized, bureaucratic and paternalistic way.Struggle and Hope goes beyond most other books on the transition process by placing considerable emphasis on the understanding of the ethical implications and the historical roots of each problem, and also the political conditions and consequences of change. Although economic efficiency is extremely important, it is not the exclusive criterion; ethical principles of individual sovereignty and solidarity must also receive particular attention.Professor Kornai's insightful analysis will become required reading for all those concerned with the process of post-socialist transition.Trade Review'. . . he [the author] presents an interesting and original analysis of the transition to a post-socialist economy. . . . The book presents an illuminating analysis of the macroeconomic and social policy options in the process of change from a centrally planned, socialist economy to one based on the market and private enterprise.'Table of ContentsContents: 1. Eliminating the Shortage Economy: a General Analysis and Examination of Developments in Hungary 2. Lasting Growth as Top Priority: Macroeconomic Tensions and Government Economic Policy in Hungary 3. A Steep Road: an Interview by László Zsolt Szabó on the Stabilization Programme 4. The Dilemmas of Hungarian Economic Policy: An analysis of the Stabilization Programme 5. Paying the Bill for Goulash Communism: Hungarian Development and Macro Stabilization in a Political-Economy Perspective 6. Adjustment without Recession: A Case Study of Hungarian Stabilization 7. The Responsibility of the Individual and Society: An Interview by Mihály Laki on Social Issues 8. The Citizen and the State: Reform of the Welfare System Index

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Book SynopsisWallace E. Oates has made a pioneering contribution to environmental and public economics. This original selection of essays honors his seminal work in both these fields.The contributions to this volume apply Wallace E. Oates's key ideas and insights to a broad range of problems. The essays on environmental economics assess environmental policy in today's conservative era and analyse environmental taxes, environmental federalism and the choice of environmental policy instruments. The chapters on public economics investigate vouchers for private schools, capitalization, urban growth controls and the welfare economics of congestible amenities in general equilibrium models. The authors also examine intergovernmental grants in South Africa, public pensions in the European Union and fiscal federalism in early American history.Environmental and Public Economics is an informative and thought-provoking celebration of Wallace E. Oates's work which will be useful for students and scholars of environmental studies, public policy and public sector economics.Trade Review'The editors have succeeded in putting together a collection of impressive papers by leading scholars in the areas of public and environmental economics. The book is as fascinating, informative and stimulating as the man who inspired it. Wally has been done justice and should be happy.' -- Henk Folmer, Wageningen Agricultural University and Tilburg University, the NetherlandsTable of ContentsContents: Introduction Part I: Environmental Economics Part II: Public Economics Index

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Book SynopsisTransport is a fundamental component of all modern economies. Transport Policy presents a wide ranging collection of previously published articles which aim to provide the reader with an understanding of the main elements of transport policy.Topics covered include: the objectives of transport policy, policy options, policy analysis and, through a series of case studies, policy implementation. This volume will be of particular interest to those academics and policymakers seeking an overview of the most important issues in the modern transport policy arena.Trade Review'The original pagination is kept on top of the present volume for ease of reference, which is most useful . . . The contents are well-chosen, international and covers most pertinent areas of transport economics and policy. It is particularly interesting to read articles from the pre-Thatcher era, saying things ignored at the time . . . This book would be a valuable addition to any reference collection with an interest in transport policy per se, particularly those which do not hold collections of the academic transport journals.' -- Place

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Book SynopsisThis important book examines the economic policies required to reduce carbon dioxide emissions - a major source of pollution throughout the world. It explores the likely impact of environmental taxes on income distribution and economic welfare.The authors consider a tax on domestic fuel and power and a carbon tax, and the likely adverse distribution effects of these on a population. The analysis allows for the direct and indirect effects (through inter-industry transactions) of taxes on prices and consumers' responses to these price changes. The welfare effects are also estimated for a variety of income groups. The authors then evaluate the inequality and social welfare measures and consider whether the distributional effects can be overcome by adjusting transfer payments to compensate lower-income groups. This study examines environmental taxes in Australia with methods which can be applied to other countries, some of which were specifically designed to overcome data limitation problems.Environmental Taxes and Economic Welfare will be of special interest to researchers, academics, policymakers and advisers on taxation and environmental policy.Trade Review'The book stands as a rigorous evaluation of structural changes required to achieve the Toronto Target in carbon emissions reduction, the order of magnitude of a carbon tax required, and the distributional and welfare effects of domestic fuel and carbon taxes in Australia.' -- Meredith Fowlie, Journal of Energy Literature'This book is a very important contribution to the debate about the economic implications of Australia's response to global change.'– Ian Lowe, Economic RecordTable of ContentsContents: 1. Introduction 2. A Minimum Disruption Approach 3. Minimum Disruption Calculations 4. Domestic Fuel Taxation 5. Modelling Demand Responses 6. Fuel Taxation with Demand Responses 7. The Effects of a Carbon Tax 8. Measuring Welfare Changes 9. The Welfare Effects of a Carbon Tax 10. Conclusions Bibliography Index

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Book SynopsisThe recent shift away from reactive to creative public policy management has caused considerable problems in Central and Eastern Europe. This book questions whether public management reforms as applied in OECD countries can make a real contribution to establishing new forms of public management in Central and Eastern Europe.The book defines the main problems facing public administrations in transitional countries and provides a comparative evaluation of the relevance for these countries of reform measures undertaken in OECD states. In the first part an historical perspective on the role of the state in Europe is presented. Parts two and three present country case studies which focus on the key areas of public management and the attempts made to address its current problems. The case studies describe the constitutional and political framework in which the system of public management operates and present a critical analysis of ongoing reform processes. They focus on reforms at the central government level, changes in local-central government relations, and the high profile areas of health and education policy. The authors look at the characteristics of the policy process, financial and human resource management and the accountability system. In conclusion, they question whether models of public administration and strategies for reform applied in Western capitalist economic systems, can really provide solutions to the particular problems of Central and Eastern Europe, or whether those problems might be aggravated by copying Western models and strategies. Innovations in Public Management will be welcomed by policy makers and practitioners in both Western Europe and OECD countries as well as those working in transitional countries through its fresh comparative approach and analysis of the real applicability of reform strategies. It will also be welcomed by academics and students interested in public administration, public policy and government.Trade Review'This volume is a highly impressive piece of work, well edited, nicely organized, and providing the most comprehensive account yet of a growing area of academic inquiry. As such, it is a welcome addition to the public management literature and will be of interest to academics, policy makers, and practitioners alike. As an academic text, it will be of value to students following public policy, public administration, and public management courses.' -- P.K. Falconer, Environment and Planning C: Government and PolicyTable of ContentsContents: Part I: Introduction and Framework for Analysis Part II: Public Management in Central and Eastern Europe: The Main Problems Part III: Public Management Reforms in OECD Countries and their Relevance for Central and Eastern Europe Part IV: Conclusions Index

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Book SynopsisWhat is the appropriate design for environmental regulation? Gert Tinggaard Svendsen sheds new light on the appropriate mix of economic instruments to implement environmental regulation in the context of the world-wide attempts to abate CO2 emissions.Gert Tinggaard Svendsen offers a detailed and comprehensive study of two alternative methods for controlling CO2 emissions - tradable permits and taxation - using examples of varying success from the United States and Europe. He applies a blend of environmental economic theory and public choice theory to analyse these methods and reveals that they both have merits. He proposes a design incorporating the best features of the two approaches because it is both cost-effective and politically and administratively feasible. In the case of C02 regulation, a CO2 permit market based on the US experience with free historical emissions should be applied in relation to industry, electric utilities and environmental organisations. The author proposes that a CO2 tax should be applied to non-organized interests, such as households and the transport sector, based on the EU experience. In particular, these policy recommendations are applied to potential CO2 permit markets in Europe and the United States.The interdisciplinary approach and the resulting policy recommendations make this book relevant to policymakers and academics across the social sciences. It will be particularly pertinent to those interested in environmental economics and public choice economics.Trade Review'This book is a valuable resource for policymakers, administrators, academics, and even for economic students. It provides a framework for understanding the theory and mechanics of markets in environmental quality and the political economy of incentive-based policy approaches. . . . The book's interdisciplinary approach and public choice orientation makes it valuable reading for policymakers as well as academic analysts. The highly detailed organizational structure of the book should recommend it even to the busy policymaker. . . . The book is a well-organized survey of the subject. It will be helpful to those policymakers who need it most and useful for economists and public choice specialists who might also find it an important resource for graduate classes.'Table of ContentsContents: 1. Introduction 2. Public Choice and Lobbyism 3. Tax Systems and Permit Markets 4. US Permit Markets 5. Lobbyism: US Interest Groups 6. Potential Co2 Market 7. Conclusion

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Book SynopsisChallenges to the Welfare State examines and assesses cultural, economic and political problems facing welfare states in Europe and North America and provides policy suggestions to alleviate these problems. An important group of authors identifies the relative merits of welfare state systems in the United States and Europe. They consider the transition of the welfare state in former Communist countries to more market oriented systems and the status of the European welfare state in the context of deepening European integration. More specifically, these experts address the question of whether further integration in Europe will result in an environment where all citizens are guaranteed only certain basic social rights and are encouraged to take private financial responsibility for health care, pension provision and insurance. The nature of social insurance institutions, the problems of ageing populations and the backlash against increasing taxation are also considered. The authors conclude that the reduction of existing government debt in the context of the move towards European Monetary Union will require either considerable increases in taxation or a significant reduction in entitlements.This book will be required reading for scholars and students of economics, social and public politics, politics and public administration.Trade Review'This book will be of interest to welfare-state scholars seeking recent and well-informed observations on a broad range of issues. There is much valuable and fairly current information contained in this eclectic volume.'Table of ContentsContents: Introduction by H. Cavanna 1. Challenges to the Welfare State (S. Brittan) 2. The American Welfare State: Exceptional No Longer? (N. Glazer) 3. The Waning of Solidarity? Securing Work and Income and Welfare Statism at Present (H. Keman) 4. Political Reconstruction of the European Welfare States (S. Kuhnle) 5. Welfare State and Welfare Mix in a New Labour Market (P. Scherer) 6. The Welfare State Backlash and the Tax Revolt (K. Newton) 7. Welfare Reform in Southern Europe: Institutional Constraints and Opportunities (M. Ferrera) 8. From the Communist Welfare State to Social Benefits of Market Economy: The Determinants of the Transition Process in Central Europe (V. Rys) 9. The Crisis of the Welfare State (E. Matzner) 10. Doing Good Without the Idea of Good (P. Bénéton)

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Book SynopsisThe Fiscal Behavior of State and Local Governments presents, in one authoritative volume, Harvey Rosen's considerable contribution to the field of sub-federal public finance in the United States. He investigates how state and locality spending and taxing decisions are influenced by the economic environment in which they operate.This important book begins by examining the fiscal structures of states and localities. The analyses augment traditional models with new economic and political considerations. Rosen investigates the effect of tax structure on the growth of expenditure, the influence of the level of expenditure of neighbouring governments, and the impact of the federal income tax on the fiscal structure of state and local governments. He also employs the tools of modern dynamic analysis to shed new light on state and local behaviour in an intertemporal setting, using both panel and aggregate data. In addition, he discusses the problems involved in characterizing state tax structure. Finally, he explores a number of methodological issues relating to the theory and econometrics of tax analysis.This book will prove invaluable to economists who specialise in public finance, political economy and public policy.Trade Review'. . . this book is work of real substance and quality, and well worth reading, at least selectively, not just by economists but also by civil servants and the wider academic community interested in local government.'Table of ContentsContents: Introduction Part I: Understanding the Fiscal Structures of State and Localities Part II: State and Local Decision Making in an Intertemporal Context Part III: Characterizing State Income and Sales Taxes Part IV: Some Methodological Issues Name Index

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Book SynopsisFinancing Federal Systems provides a comprehensive selection of Edward M. Gramlich's essays, which have made a major contribution to public finance and macroeconomics over three decades.The structure of fiscal federalism is a major issue in most countries around the world. Developed economies are continually confronting the question of fiscal federalism as they consider harmonizing tax and trading arrangements. Emerging market economies are addressing these issues as they organize systems to promote growth and development.The book begins with a new introduction by the author which provides a clear and concise overview of the current issues in fiscal federalism. The book comprises some 23 papers and features empirical, theoretical and diagnostic work together with comprehensive evaluations of the fiscal federal systems in the United States, Australia, Sweden and Canada. It includes work on state and local government behaviour, grant policies, macroeconomic policies, state tax limitations, federal tax policy, sub-national fiscal policy, infrastructure investment and public welfare policies.Financing Federal Systems will complement graduate and undergraduate courses in public finance and fiscal federalism. It will also appeal to policymakers and local government practitioners.Table of ContentsContents: 1. State and Local Governments and their Budget Constraint 2. State and Local Fiscal Behavior and Federal Grant Policy 3. State and Local Budgets the day after it rained: Why is the Surplus so High? 4. Micro Estimates of Public Spending Demand Functions and Tests of the Tiebout and Median-Voter Hypothesis 5. Intergovernmental Grants: A review of the Empirical Literature 6. The stimulative effects of Intergovernmental Grants: Or why money sticks where it hits 7. Moving into and out of Poor Urban Areas 8. The Spatial Dimension: Should worker assistance be given to poor people or poor places? 9. Subnational Fiscal Policy 10. Public employee market power and the level of government spending 11. Why voters support Tax limitation amendments: The Michigan Case 12. The deductability of State and Local Taxes 13. The Impact of the Tax Reform Act of 1986 on State and Local Fiscal Behaviour 14. Infrastructure Investment: A Review Essay 15. Migration and Income Redistribution Responsibilities 16. Cooperation and Competition in Public Welfare Policies 17. A Report on School Finance and Educational Reform in Michigan 18. Reforming US Federal Fiscal Arrangements 19. Federalism and Federal Deficit Reduction 20. New York: Ripple or Tidal Wave? The New York City Fiscal Crisis: What happened and what is to be done? 21. “A Fair Go”: Fiscal Federalism Arrangements 22. Rethinking the Role of the Public Sector 23. Canadian Fiscal Federalism: An Outsider’s View Index

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Book SynopsisLocal Government Tax and Land Use Policies in the United States is an accessible, non-technical evaluation of the most recent economic thinking on the nexus between local land use and tax policies.In Part I, Helen Ladd provides a comprehensive summary of the extensive literature on the interaction of local land use and tax policies. She explores the theoretical controversies and clarifies issues such as the use of land use regulation as a fiscal tool, the effects of taxes on economic activity and the success of tax policies to promote economic development. In Parts II and III, a group of experts presents new research on important issues such as the impact of growth on tax burdens, metropolitan tax base sharing, the incidence of impact fees and the shift to land value taxation in urban areas. This book raises provocative questions concerning the conventional wisdom in fiscal policy. It will be indispensable for economists and students interested in urban issues and local public finance as well as planners and policymakers.Trade Review'An essential work on the important and perplexing interaction of local tax and land use policy.' -- R.A. Beauregard, ChoiceTable of ContentsContents: 1. Introduction (H.F. Ladd) Part I: Interactions between Tax and Land Policies Part II: Tax Policy as a Land Use Tool Part III: Fiscal and Distributional Impacts Index

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Book SynopsisThe economic demands of an ageing population, coupled with the crisis of public spending pose one of the greatest challenges to social policy in both the East and West. This book focuses on the political economy of pensions, particularly on the interaction between private and state provision. Enterprise and the Welfare State argues that there is more to welfare than simply provision by the state and so the focus of this book is on the welfare society rather than the welfare state. This requires a new system of statistical accounting and a different focus for case studies. A multidisciplinary approach is used to examine the design of the pensions system in nine countries with different institutional welfare mixes. Using a common conceptual framework, it compares and contrasts the goals and realities of the welfare systems in France, Germany, The Netherlands and Sweden, where strong occupational pensions are in operation, with the more modest welfare states in Japan, the United Kingdom and the United States. Each country case study provides a grounded analysis of the evolution of pension design and traces the impact of the policies on the economic well-being of the aged and the performance of the economy. It offers new data on the level of spending of enterprise based occupational pensions and examines the implications for redistribution resulting from changes in the design of state and occupational pensions. This book will be essential reading for academics, students and public policymakers interested in the economics of welfare, social policy and the future of pension provision.Trade Review'. . . anyone who wants to be an expert in this field should read this book. There is nothing to be criticized in either the research or the presentation by the authors. Indeed, the chapters are well written. . . . Altogether I can enthusiastically recommend this book for people in this field. It is well written, comprehensive, and the result of much work.'Table of ContentsContents: Preface 1. The Emerging Role of Enterprise in Social Policy (M. Rein and E. Wadensjö) 2. The Austrian Pension System (P. Rosner, T. Url and A. Wörgötter) 3. France: A National and Contractual Second Tier (E. Reynaud) 4. The Public-Private Mix in Pension Provision in Germany: The Role of Employer-based Pension Arrangements and the Influence of Public Activities (W. Schmähl) 5. The Retirement Provision Mix in Italy: The Dominant Role of the Public System (R. Di Biase, A. Gandiglio, M. Cozzolino and G. Proto) 6. The Role of the Japanese Company in Compensating Income Loss after Retirement (Y. Kimura) 7. The Netherlands: Growing Importance of Private Sector Arrangements (M. Blomsa and R. Jansweijer) 8. The Welfare Mix in Pension Provisions in Sweden (E. Wadensjö) 9. The British Case (T. Lynes) 10. Enterprise and the State: Interactions in the Provision of Employees’ Retirement Income in the United States (L. apRoberts and J. Turner) Index

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Book SynopsisThis innovative book offers an original and radical tax policy proposal which can be used to promote growth and stability without affecting income equality.Immediately following the publication of Keynes's General Theory, Kalecki recognized that the theory of tax had to be re-thought, as aggregate income could no longer be thought of as fixed with respect to tax-induced changes in aggregate demand. To this day, orthodox tax policy analysis continues to ignore aggregate demand effects. The authors consider this orthodox approach to be deficient, and show how tax policies can promote growth without having a negative impact on equity. They incorporate Kalecki's theory of tax incidence into an analysis of income determination, income distribution, investment, business cycles, and growth. In addition, they examine the incidence of the corporate profits tax and the macroeconomic and regional incidence, and effects of local taxation.A Dynamic Theory of Taxation will be a welcome addition to the literature and will be of interest to tax policy analysts and government policy advisors, as well as scholars working in the fields of public finance, post Keynesian and Kaleckian economics.Trade Review'This academic book provides a new perspective on public finance. . . . This text should be of interest to public economists, policy analysts and government.'Table of ContentsContents: 1. The Rationale for Kaleckian Tax Analysis 2. Integrating Kalecki’s Theories of Taxation and Income Determination 3. Taxation and Kalecki’s Theory of the Business Cycle 4. The Long-Run Effects of Taxation in a Kaleckian Model 5. The Incidence of the Corporate Profits Tax 6. The Impact of Taxation on Gross Private Non-Residential Fixed Investment 7. The Short-Period Macroeconomic Incidence and Effects of State and Local Taxes 8. The Macroeconomic and Regional Effects of National and Local Taxation: A Kaleckian Approach 9. Conclusion: Policy Implications Index

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Book SynopsisThis volume offers an impressive collection of scholarly papers which investigate the historical foundations of globalization before 1945. The book explores the effects of the nineteenth century technologies of the railway, the telegraph and the steamship which promoted the globalization process by boosting trade across frontiers and triggering migration of labour and flows of capital to the temperate areas of agriculture. The colonial empires, in particular the British Empire, facilitated the process, as the integration of capital markets and monetary systems and methods of business organization followed trade and labour. The volume also covers the time between the wars, when impediments to trade, migration and currency movements increased and led to a period of deglobalization and divergence.Trade Review'It has been nicely produced by the publishers, who have reprinted the extracts in their original style. It will feature on many reading lists and will be recommended by economic historians to their students . . . It will be conveniently consulted as an alternative source for many scholarly articles in international economic history. It will provide plenty of academic nourishment. . .' -- Robert G. Greenhill, Business HistoryTable of ContentsContents: Part I: The Technology of Nineteenth Century Globalization Part II: Trade, Prices and Globalization Part III: The Monetary System of Globalization, Capital Market Integration and Foreign Debt Part IV: Business and Globalization Part V: Migration and Globalization Part VI: Deglobalization Between the Wars Part VII: Political Economy of Globalization

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Book SynopsisIn this innovative book the author examines the link between environmental, trade and industrial policies within an interregional setting. He models how regional governments, using tax rates on real capital and pollutant emissions, determine policies to favour their residents in terms of the provision of public goods and reduction in environmental degradation.Regions or countries engage in competition for mobile capital in a world where production causes pollution and tax revenues are required to finance public goods. In Fiscal Policy and Environmental Welfare the author considers the efficiency consequences when governments act strategically and seek to manage trade, capital flows and emissions. Using formal models, which extend and modify existing literature, the author demonstrates that interjurisdictional competition typically leads to inefficiencies. He argues that although interjurisdictional competition may lead to the overprovision of public goods and to an inefficiently high environmental quality, often the opposite seems to occur.This book will be welcomed by environmental economists, and those scholars interested in welfare and fiscal policy.Table of ContentsContents: 1. Introduction 2. Different Forms of Interjurisdictional Competition 3. Strategic Environmental Policy 4. Tax Competition, Provision of Public Goods, and Environmental Policy 5. Conclusion References Index

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Book SynopsisThis volume - the summary of a five-year research programme - describes and assesses the Scandinavian approach to local public finance. A key role of local finance in Scandinavia is redistribution in the form of a wide array of social services that are largely financed at the central level.Trade Review’Jørn Rattsø has assembled a provocative collection of papers. In describing and assessing the Scandinavian approach to local public finance, they provide a basic challenge to the conventional academic wisdom. A key role of local finance in Scandinavia is redistribution in the form of a wide array of social services that are largely financed at the central level. It is both fascinating and instructive to see how all this works and what sorts of problems and compromises are inherent in such a conception of local finance.’ -- Wallace E. Oates, University of Maryland, and Resources for the Future, US’The devolution of the financing and provision of government services has captured the interest of Scandinavian economists and political scientists. This volume provides a summary of a five-year research program to test the applicability of the US model of fiscal decentralization in Denmark, Finland, Norway and Sweden. But the book is more than the first in-depth study of federalism in Scandinavia. It also offers important general lessons for all scholars - economists, political scientists, and legal scholars alike - wishing to understand how fiscal institutions define fiscal policies’ -- Robert P. Inman, University of Pennsylvania, US’This volume offers a wonderful addition to the Elgar series on fiscal federalism and state-local finance edited by Wallace Oates. Jorn Rattsø is a unique force in Norwegian fiscal federalism. He and his able Scandinavian colleagues have not only been frequent intellectual contributors to the academic literature, but have also been active in the policy arena as well. The volume reflects the best of both worlds. Readers not familiar with the institutions of Scandinavian public finance will of course find many valuable applications of traditional federalism principles in this volume. Along the way, they will have the opportunity to enjoy an array of intriguing analyses that will encourage fruitful reflections on comparative fiscal federalism. The volume would make a welcome addition as recommended reading on graduate public finance reading lists.’ -- Daniel L. Rubinfield, University of California, Berkeley, USTable of ContentsContents: Acknowledgements Introduction 1. Style, Reform and Performance 2. Demand 3. Political Institutions 4. Cost and Control 5. Theory

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Book SynopsisThe Economics of Budget Deficits provides a comprehensive overview of the scholarly literature exploring the causes and consequences of deficit spending and the public debt. Incorporating classical, Keynesian and public choice analyses of debt-financed public expenditures, the two volumes contain major theoretical and empirical contributions to the debate. They cover such critical fiscal policy issues as the history and measurement of budget deficits, the question of who bears the burden of the public debt, the use of deficits to solve problems of dynamic policy inconsistency and the relative effectiveness of fiscal rules and constitutional constraints as mechanisms for achieving budget balance. The editors provide an authoritative introduction to the two volumes and separate overviews of each of the seven parts. The Economics of Budget Deficits is an indispensable reference for all scholars and students interested in fiscal policy and for all policymakers.Trade Review'. . . a valuable resource for anyone interested in public finance issues. The editors have pulled together the most important and influential articles in the field. From Adam Smith to the present, the two-volume set is a comprehensive guide to the budget deficit debate.' -- Daniel J. Mitchell, Public ChoiceTable of ContentsContents: Volume I Acknowledgements Introduction Charles K. Rowley, William F. Shughart II and Robert D. Tollison PART I THE HISTORY AND MEASUREMENT OF BUDGET DEFICITS Part I Overview Charles K. Rowley, William F. Shughart II and Robert D Tollison 1. Gary M. Anderson (1986), ‘The US Federal Deficit and National Debt: A Political and Economic History’ 2. Alberto Alesina (2000), ‘The Political Economy of the Budget Surplus in the United States’ 3. Mario I. Blejer and Adrienne Cheasty (1991), ‘The Measurement of Fiscal Deficits: Analytical and Methodological Issues’ 4. Laurence J. Kotlikoff and Bernd Raffelhüschen (1999), ‘Generational Accounting Around the Globe’ 5. Jody W. Lipford (2001), ‘How Transparent is the U.S. Budget?’ PART II CLASSICAL PUBLIC DEBT THEORY Part II Overview Charles K. Rowley, William F. Shughart II and Robert D. Tollison 6. Adam Smith (1776/1976), ‘Of Publick Debts’ 7. T.R. Malthus (1803/1992), ‘Of Poor-laws, continued’ 8. David Ricardo (1817/1951), ‘Taxes on Other Commodities than Raw Produce’ 9. John Stuart Mill (1848/1965), ‘Of a National Debt’ PART III KEYNESIAN PUBLIC DEBT THEORY Part III Overview Charles K. Rowley, William F. Shughart II and Robert D Tollison 10. John Maynard Keynes (1936/1973), ‘The Marginal Propensity to Consume and the Multiplier’ 11. Abba P. Lerner (1943), ‘Functional Finance and the Federal Debt’ 12. Abba P. Lerner (1948), ‘The Burden of the National Debt’ 13. Paul A. Samuelson (1948), ‘Fiscal Policy and Full Employment without Inflation’ 14. Paul A. Samuelson (1970), ‘Fiscal Policy and Full Employment without Inflation’ PART IV THE BURDEN OF DEBT REEXAMINED Part IV Overview Charles K. Rowley, William F. Shughart II and Robert D. Tollison 15. J.E. Meade (1958), ‘Is the National Debt a Burden?’ 16. J.E. Meade (1959), ‘Is the National Debt a Burden? A Correction’ 17. James M. Buchanan (1958), ‘Concerning Future Generations’, Chapter Four, and ‘A Suggested Conceptual Revaluation of the National Debt’ 18. Richard A. Musgrave (1959), ‘Classical Theory of Public Debt’ 19. Abba P. Lerner (1961), ‘The Burden of Debt’ 20. Franco Modigliani (1961), ‘Long-Run Implications of Alternative Fiscal Policies and the Burden of the National Debt’ 21. James M. Buchanan (1964), ‘Public Debt, Cost Theory, and the Fiscal Illusion’ 22. James Tobin (1965), ‘The Burden of the Public Debt: A Review Article’ 23. James M. Buchanan (1966), ‘The Icons of Public Debt’ 24. James Tobin (1966), ‘Reply’ Name Index Volume II Acknowledgements An introduction by the editors to both volumes appears in Volume I PART I RICARDIAN EQUIVALENCE IN THE DOCK Part I Overview Charles K. Rowley, William F. Shughart and Robert D. Tollison 1. Robert J. Barro (1974), ‘Are Government Bonds Net Wealth?’ 2. Martin Feldstein (1976), ‘Perceived Wealth in Bonds and Social Security: A Comment’ 3. James M. Buchanan (1976), ‘Barro on the Ricardian Equivalence Theorem’ 4. Robert J. Barro (1976), ‘Reply to Feldstein and Buchanan’ 5. Gerald P. O’Driscoll, Jr. (1977), ‘The Ricardian Nonequivalence Theorem’ 6. Robert J. Barro (1979), ‘On the Determination of the Public Debt’ 7. Geoffrey Brennan and James M. Buchanan (1980), ‘The Logic of the Ricardian Equivalence Theorem’ 8. Paul Evans (1993), ‘Consumers are not Ricardian: Evidence from Nineteen Countries’ 9. T.D. Stanley (1998), ‘New Wine in Old Bottles: A Meta-Analysis of Ricardian Equivalence’ PART II PUBLIC CHOICE AND PUBLIC DEBT: THEORY AND EVIDENCE Part II Overview Charles K. Rowley, William F. Shughart and Robert D. Tollison 10. Edgar K. Browning (1975), ‘Why the Social Insurance Budget is too Large in a Democracy’ 11. Torsten Persson and Lars E.O. Svensson (1989), ‘Why a Stubborn Conservative Would Run a Deficit: Policy with Time-Inconsistent Preferences’ 12. Amihai Glazer (1989), ‘Politics and the Choice of Durability’ 13. Alberto Alesina and Guido Tabellini (1990), ‘A Positive Theory of Fiscal Deficits and Government Debt’ 14. Guido Tabellini and Alberto Alesina (1990), ‘Voting on the Budget Deficit’ 15. Timothy Besley and Anne Case (1995), ‘Does Electoral Accountability Affect Economic Policy Choices? Evidence from Gubernatorial Term Limits’ 16. W. Mark Crain and Robert D. Tollison (1993), ‘Time Inconsistency and Fiscal Policy: Empirical Analysis of U.S. States, 1969–89’ 17. W. Mark Crain and Lisa K. Oakley (1995), ‘The Politics of Infrastructure’ PART III DEFICIT FINANCE IN CONSTITUTIONAL PERSPECTIVE Part III Overview Charles K. Rowley, William F. Shughart and Robert D. Tollison 18. James M. Buchanan (1985), ‘The Moral Dimension of Debt Financing’ 19. Robert D. Tollison and Richard E. Wagner (1986), ‘Balanced Budgets and Beyond’ 20. Milton Friedman (1978), ‘The Limitations of Tax Limitation’ 21. Alvin Rabushka (1982/1987), ‘A Compelling Case for a Constitutional Amendment to Balance the Budget and Limit Taxes’ 22. Henry Hazlitt (1983/1987), ‘A Proposal for Two Constitutional Amendments’ 23. Aaron Wildavsky (1985), ‘Equality, Spending Limits, and the Growth of Government’ 24. W. Mark Crain and James C. Miller III (1990), ‘Budget Process and Spending Growth’ 25. Jürgen von Hagen (1991), ‘A Note on the Empirical Effectiveness of Formal Fiscal Constraints’ 26. James M. Poterba (1994), ‘State Responses to Fiscal Crises: The Effects of Budgetary Institutions and Politics’ 27. W. Mark Crain and Timothy J. Muris (1995), ‘Legislative Organization of Fiscal Policy’ 28. Edward M. Gramlich (1995), ‘The Politics and Economics of Budget Deficit Control: Policy Questions and Research Questions’ 29. James M. Buchanan (1997), ‘The Balanced Budget Amendment: Clarifying the Arguments’ 30. James M. Poterba (1997), ‘Do Budget Rules Work?’ 31. Robert D. Reischauer (1997), ‘Comment’ 32. David Romer (1997), ‘Comment’ 33. W. Mark Crain and Nicole Verrier Crain (1998), ‘Fiscal Consequences of Budget Baselines’ 34. Charles K. Rowley (2000), ‘Budget Deficits and the Size of Government in the UK and US: A Public Choice Perspective on the Thatcher and Reagan Years’ Name Index

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Book SynopsisFlying into the Future explores the organization of air transport in the European Union. It analyses the nature of the industries supplying air transport services, the institutional structure of air transport services, and impediments to increased efficiency in the provision of air transport.The reduction in institutional barriers and regulations has led to a more efficient provision of air transport services in the EU. This book assesses the improvements in the efficiency of air transport services, and highlights institutional and physical problems impeding further efficiency gains. The authors examine airline operations, and the ability of two or more transport systems to operate effectively in tandem. They also consider how to make the boundaries between different transport networks invisible, as well as discussing issues of national organization and the juridical structures which impede operations. The analysis examines both the internal European Union market for air transport services and the links between it and the rest of the world. Other key issues discussed include: EU air transport developments in the context of global markets comparisons of recent developments in aviation policy between the EU and the United States the problems of congestion in the air transport industry in Europe the growth and significance of airline alliances. The authors not only consider the economics of European air transport but also legal, political, technical and geographical issues. They explore the problems of providing air transport in the context of inadequate information, institutional constraints, inherent market imperfections and imprecise objectives.Flying into the Future will be essential reading for industrialists, policymakers and academics interested in transport economics and transport policy.Trade Review'Overall, the book provides an excellent review of the many complex and often conflicting issues facing EU policymakers in devising appropriate regulatory measures to deal with a rapidly evolving air transport sector and one in which even defining a market is fraught with difficulties. . . . I would have no hesitation in recommending the book to those wishing to gain a detailed understanding of the economic regulation of air transport in Europe.' -- George Williams, Journal of Air Transport Management'Generally, this is a very useful and welcome text, that should be appreciated by both policymakers and the academic community. Balancing theory and empirical detail, it provides a valuable grounding on key aspects of air transport economics, organization and regulation with particular reference to the still-evolving European context.' -- Clive Charlton, Journal of Transport Geography'This interesting book addresses a number of highly topical issues in the airline industry. . . . the book is a timely contribution to the debate on air transport policy, a debate that is taking place the world over. . . . The book makes very interesting reading, especially the chapters on infrastructure and airline alliances.' -- Pat Hanlon, The Economic JournalTable of ContentsContents: 1. Introduction 2. The Development of EU Air Transport Policy 3. Is Europe Different? 4. Infrastructure Policy 5. Airline Alliances and EU Air Transport 6. Alliances and Markets 7. Stability in European Air Transport Markets 8. Conclusions References

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Book SynopsisComparative Public Policy provides the first truly systematic and comprehensive account of the transformation of the post-war state in the advanced countries of the Western world. The author generates new research findings which show how the economic, social and political changes of the post-war era have reshaped modern public policy across the OECD region.Francis G. Castles examines the growth of big government and the emergence of the modern welfare state and identifies ways in which the role of the state has impacted on labour markets and such personal issues as home ownership, fertility and divorce. He explains why the trajectory of policy transformation has varied from country to country, with immediate post-war policy laggards sometimes becoming leaders, and erstwhile policy pioneers on occasions stagnating. This innovative book presents a wealth of background data and a huge range of new findings, covering 12 policy areas in 21 advanced industrialized countries over a period of more than three decades. Comparative Public Policy is essential reading for students and scholars who wish to understand the dynamics of contemporary social and political development.Trade Review'Castles's book is an important contribution to comparative public policy, offering significant insight into policy areas over time and countries and providing a key source for any analysis of public policy.' -- Martin Lodge, West European Politics'This is a magisterial study by one of the leading international specialists in public policy research. . . . This is a compelling and convincing analysis and in its combination of scope, ambition and rigor is currently unchallenged. It is succinct, concise and undeviating from its central explanatory thesis. . . . it should be compulsory reading for professors.' -- Martin Rhodes, American Political Science Review'Castles's work is accessible and provides much data regarding public policy after World War II.' -- Jim F. Couch, E.H. Net'. . . a comprehensive, well organized work. . . . Castles's book is a comprehensive analysis of recent social processes.' -- Ian Gough and Meir Shabat, Journal of European Social Policy'. . . this book will serve as an extremely valuable source and guide for anybody interested in comparative public policy development between 1950 and the mid 1990s in OECD countries. . . . The ability to discuss the subject matter and argue his case within the space of 350 rather than 1,000 pages pays tribute to the author's considerable grasp of the material and concise presentation and discussion of data and analysis.' -- Jochen Clasen, European Journal of Social Work'. . . the author has achieved his goal of capturing the large picture of economic transformation and public policy in Western capitalism, post World War II. This book poses problems for all kinds of theories. Castles has simplified our empirical world while questioning our theoretical maps. The tables that at first sight appear off-putting have the compelling fascination of a Guinness Book of Records for grown ups. Not the least of its attractions is that it is an interesting read.' -- Grant Jordan, Political Studies'This innovative book presents a wealth of background data and a huge range of findings. This is a most scholarly text.' -- Economic Outlook and Business Review'Castles is one of the most prolific and innovative writers on welfare states and public policy and, once again, he does not disappoint. This book fills a huge vacuum in existing student texts. With great lucidity and tremendous reach, this book gives us a comparative, historical and cross-disciplinary panorama of postwar era public sector growth and, now, crisis. Few, if any, existing texts manage so well to present the leading questions, debates and the evidence so succinctly. It is bound to become a leading text for upper level students everywhere.' -- Gosta Esping-Andersen, University of Trento, Italy'Castles has written an accessible and comprehensive analysis of the evolution of public policy in the industrialized world since 1945. All students of comparative public policy will want to have this book close at hand as a ready guide and a source of superb statistical data to a complicated and fascinating set of policy issues.' -- Peter J. Katzenstein, Cornell University, US'Not the least of this book's many accomplishments is its contribution to our intellectual hygiene. Castles does a real public service by dispelling many myths, held by academics and neoliberal ideologues alike, about the role of 'big government' in advanced societies.' -- Claus Offe, Humboldt University, Germany'Frank Castles has written a book that should be read by anyone interested in comparative public policy, and comparative politics more generally. It is a rare combination of analytic rigor and descriptive richness. It covers a broad sweep of countries, policy areas, and time, and sets a standard for books in public policy.' -- B. Guy Peters, University of Pittsburgh, USTable of ContentsContents: Preface 1. Making Sense of Post-war Public Policy 2. Economy and Society 3. Institutions and Ideology 4. The Causes of Big Government 5. The Welfare State 6. The State and the Labour Market 7. Public Policy and the Personal 8. Patterns of Post-war Public Policy References

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Book SynopsisComparative Public Policy provides the first truly systematic and comprehensive account of the transformation of the post-war state in the advanced countries of the Western world. The author generates new research findings which show how the economic, social and political changes of the post-war era have reshaped modern public policy across the OECD region.Francis G. Castles examines the growth of big government and the emergence of the modern welfare state and identifies ways in which the role of the state has impacted on labour markets and such personal issues as home ownership, fertility and divorce. He explains why the trajectory of policy transformation has varied from country to country, with immediate post-war policy laggards sometimes becoming leaders, and erstwhile policy pioneers on occasions stagnating. This innovative book presents a wealth of background data and a huge range of new findings, covering 12 policy areas in 21 advanced industrialized countries over a period of more than three decades. Comparative Public Policy is essential reading for students and scholars who wish to understand the dynamics of contemporary social and political development.Trade Review'Castles's book is an important contribution to comparative public policy, offering significant insight into policy areas over time and countries and providing a key source for any analysis of public policy.' -- Martin Lodge, West European Politics'This is a magisterial study by one of the leading international specialists in public policy research. . . . This is a compelling and convincing analysis and in its combination of scope, ambition and rigor is currently unchallenged. It is succinct, concise and undeviating from its central explanatory thesis. . . . it should be compulsory reading for professors.' -- Martin Rhodes, American Political Science Review'Castles's work is accessible and provides much data regarding public policy after World War II.' -- Jim F. Couch, E.H. Net'. . . a comprehensive, well organized work. . . . Castles's book is a comprehensive analysis of recent social processes.' -- Ian Gough and Meir Shabat, Journal of European Social Policy'. . . this book will serve as an extremely valuable source and guide for anybody interested in comparative public policy development between 1950 and the mid 1990s in OECD countries. . . . The ability to discuss the subject matter and argue his case within the space of 350 rather than 1,000 pages pays tribute to the author's considerable grasp of the material and concise presentation and discussion of data and analysis.' -- Jochen Clasen, European Journal of Social Work'. . . the author has achieved his goal of capturing the large picture of economic transformation and public policy in Western capitalism, post World War II. This book poses problems for all kinds of theories. Castles has simplified our empirical world while questioning our theoretical maps. The tables that at first sight appear off-putting have the compelling fascination of a Guinness Book of Records for grown ups. Not the least of its attractions is that it is an interesting read.' -- Grant Jordan, Political Studies'This innovative book presents a wealth of background data and a huge range of findings. This is a most scholarly text.' -- Economic Outlook and Business Review'Castles is one of the most prolific and innovative writers on welfare states and public policy and, once again, he does not disappoint. This book fills a huge vacuum in existing student texts. With great lucidity and tremendous reach, this book gives us a comparative, historical and cross-disciplinary panorama of postwar era public sector growth and, now, crisis. Few, if any, existing texts manage so well to present the leading questions, debates and the evidence so succinctly. It is bound to become a leading text for upper level students everywhere.' -- Gosta Esping-Andersen, University of Trento, Italy'Castles has written an accessible and comprehensive analysis of the evolution of public policy in the industrialized world since 1945. All students of comparative public policy will want to have this book close at hand as a ready guide and a source of superb statistical data to a complicated and fascinating set of policy issues.' -- Peter J. Katzenstein, Cornell University, US'Not the least of this book's many accomplishments is its contribution to our intellectual hygiene. Castles does a real public service by dispelling many myths, held by academics and neoliberal ideologues alike, about the role of 'big government' in advanced societies.' -- Claus Offe, Humboldt University, Germany'Frank Castles has written a book that should be read by anyone interested in comparative public policy, and comparative politics more generally. It is a rare combination of analytic rigor and descriptive richness. It covers a broad sweep of countries, policy areas, and time, and sets a standard for books in public policy.' -- B. Guy Peters, University of Pittsburgh, USTable of ContentsContents: Preface 1. Making Sense of Post-war Public Policy 2. Economy and Society 3. Institutions and Ideology 4. The Causes of Big Government 5. The Welfare State 6. The State and the Labour Market 7. Public Policy and the Personal 8. Patterns of Post-war Public Policy References

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Book SynopsisThis important book investigates the causes of the decline in public capital spending which has occurred in most OECD countries over the past 25 years, and estimates the macroeconomic consequences of this decline.Governments can improve the future living conditions of their citizens in various ways including stimulating private investment, increasing spending on education and health programmes, preserving the environment and adding to the stock of public capital. In Public Capital Spending in OECD Countries the author focuses on government investment in physical capital within a macroeconomic context. He examines the consequences of the decline in public investment on physical assets such as infrastructure and the environment. The past few years have witnessed a growing awareness that especially the stock of public capital has been neglected by many OECD governments. Such a reduction in public investment may lead to a decline in economic growth, and therefore it is vital that the fall in government spending is rigorously examined.Key features include:- a detailed and comprehensive review of existing literature. original empirical investigations using alternative techniques and different datasets. possible explanations for the trends in public capital spending. estimates of the effect of public capital spending on economic growth. Trade Review'Sturm manages to communicate his findings in a way that makes the book readable even to those not familiar with the field of econometrics.' -- Tijdschrift voor Economische en Sociale Geografie'For the past decade public capital has been the great imponderable of economic growth studies. Most developed countries have seen a simultaneous slowing of public capital investment and overall productivity growth. Are the two related? Which causes what, to what degree? This book contains a series of very sophisticated tests to try to unravel the mysteries, in The Netherlands and throughout the OECD.' -- Edward Gramlich, University of Michigan, US'This book applies the tools of modern econometrics to the analysis of the causes and consequences of the slowdown of public investment in the OECD nations. The work is careful and convincing. The comprehensive literature review by itself makes this a valuable volume for anyone who is interested in infrastructure spending.' -- Harvey S. Rosen, Princeton University, US'This book will rapidly establish itself as the main reference point on public capital spending. It combines excellent argumentation with first class technical analysis.' -- Peter Jackson, University of Leicester, UKTable of ContentsContents: 1. Introduction Part I: Development 2. Public Capital Spending in the Netherlands 3. Public Capital Spending in the OECD Part II: Impact 4. Modelling Public Capital Spending and Growth 5. Productivity Effects of Public Capital 6. Sectoral Cost Elasticities of Public Infrastructure 7. Output Effects of Infrastructure Investment 8. Conclusions Index

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Book SynopsisThis comprehensive and authoritative book offers a global approach to the modern economics of the family, family law and family policy. Beginning with the division of labour in the family, this book deals with the economics of marriage, the demand for children, inter-generational relationships, and the economics of inheritance. The family is analysed using the theory of utility maximisation assuming that individuals wish to achieve the greatest possible satisfaction with limited resources and imperfect knowledge. The family is examined from both long and short term perspectives, and it is assumed that the family is cooperative with incentives for altruistic behaviour greater than in any other social group. Francisco Cabrillo then develops the analysis to include a discussion of the economics of family policy, an area not widely discussed in the existing literature, with special reference to the European Union. He makes use of simple and clear analytical models, such as neoclassical optimization and game theory, to explain the rationality of individual behaviour in the family and the responses to the incentives created by public policies.The Economics of the Family and Family Policy will be essential reading for economists interested in the family, public policy as well as sociologists and policymakers.Trade Review'Francisco Cabrillo's book is a masterful and much needed overview of the economics of the family, one of the "heterodox" subjects in which economists have in the last decades proved the fruitfulness of their analytic apparatus. Written with the general reader in view, both economists and non-economists will enjoy this book. It covers not only a wide scope from the theoretical point of view but also looks at the policies directed towards the family. Economic analysis can be very helpful in the task of finding out whether policy makers in this field have been right or, alas, wrong.' -- Carlos RodrIguez Braun, University Complutense, Madrid, Spain'[This book] should be of value for the structure of family relations in the western world today and in the past or those of traditional African or Asian society without having to alter its premises. . .' -- Fernando GOmez, Libros'Francisco Cabrillo has written an excellent book that will be of great value for anyone interested in the basic ideas that have developed over recent decades on the economics of the family. Professor Cabrillo has a virtue that is rare amongst economists: the skill to write lucidly for laymen on important social and economic matters without sacrificing the sophistication and subtlety of his economic analysis.'Table of ContentsContents: Preface 1. Economists and the Family 2. The Family as an Economic Unit 3. Marriage(I) 4. Marriage (II) 5. Children 6. The Intergenerational Pact 7. Inheritance 8. Family Protection and Pro-Natalist Policies 9. The Economic Foundations and Effects of a Policy for the Family 10. Technical Problems involved in an Economic Policy for Family Protection Index

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Book SynopsisThis innovative book sheds new light on the various transfer processes of economic knowledge from the academic environment to the outside world. The internationally acclaimed group of authors considers the transfer of knowledge in the teaching of economics, through public policy advice, and the spread of ideas across disciplinary boundaries.The economics profession is mainly concerned with the production of economic knowledge rather than the transfer of this knowledge outside the academic economics environment. The process of the production of knowledge and its final use has not been thoroughly investigated, and so relatively little is known about how this knowledge benefits public policy, private sector decisionmaking and the transfer of ideas across the social sciences. The leading contributors, including James M. Buchanan, Bob Coates, Bruno S. Frey, Heinz Konig, Anne Krueger and Charles Wyplosz, examine the transfer of knowledge from an interdisciplinary perspective addressing psychological, sociological and cultural issues. They also look at the theoretical analysis of the transfer of economic knowledge, focusing on public choice and political economy interpretations of economic policy advice, as well as institutional and management issues of policy advice. Finally they consider the challenges of teaching economics and explore the possibility of applying the new media for transferring economic knowledge.Trade Review'The discipline of economics has a production function just like any industry: its inputs are the papers and books of professional economists; its output is economic knowledge which is put to use by business and government, taught to students, and fed back into still more economic knowledge. In the process of the transfer of economic knowledge, economic knowledge becomes different but does it get any better? This is the question raised by every one of the contributors to this volume, which includes some of the leading members of our profession. This is a book that is only too easy to recommend to my colleagues.' -- The late Mark Blaug, formerly of the University of London and University of Buckingham, UKTable of ContentsContents: Introduction Part I: Theoretical Perspectives and the Transfer Process Part II: Aspects of Institutional Policy Advice Part III: Teaching and Application of Economics Part IV: Interdisciplinary Perspectives of the Transfer Process

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Book SynopsisThe prospect of simultaneously achieving a 'greener' environment, increased tax revenues and lower levels of unemployment has made ecological taxes an increasingly popular proposition. This volume examines the possibility of ecological tax reform in the Nordic countries of Denmark, Norway and Sweden. The potential for ecological tax reform is investigated on a theoretical and an empirical level. The social costs associated with environmental taxes are analysed and the impacts of a Swedish carbon tax are calculated by means of a static numerical model. Taxes on carbon, nitrogen and fertilisers are also examined. The authors find that the level of unemployment cannot be decreased by revenue neutral environmental taxes without any social costs and conclude that there are no easy ways to achieve full employment, a budget surplus and environmental sustainability. They conclude that further understanding of the functioning of the labour market, household decisions and the link between change in pollutant emissions and environmental damage is needed in order to make more concrete suggestions concerning ecological tax reforms.Green Taxes will be of immense use to academics and practitioners in the field of environmental economics.Trade Review'Green Taxes> is a thought provoking collection,' -- Benito Muller, Journal of Energy LiteratureTable of ContentsContents: Introduction 1. Governmental Commissions on Green Taxes in Denmark 2. The Governmental Commission on Green Taxes in Norway 3. The Swedish Green Tax Commission 4. Double Dividend: Just Desserts or Pie in the Sky? 5. Green Tax Reform: Theoretical Issues, Empirical Results, and Future Challenges 6. General Equilibrium Effects of Increasing Carbon Taxes in Sweden 7. Green Taxes in Sweden: A Partial Equilibrium Analysis of the Carbon Tax and the Tax on Nitrogen and Fertilizers 8. Taxes and Labour Supply in Sweden – A Meta Analysis Index

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Book SynopsisThe 27 articles reprinted in this volume are among Peter Mieszkowski's most important contributions to public, urban and regional economics. Several of these pieces concern income distribution theory and policies for promoting equality in wages, housing and education.The first part of this book includes studies of labour markets, tax incidence and the distributive effects of trade unions and wage subsidies. Two important conclusions presented in these papers concern the local property tax: it is a tax on capital and it results in under-provision of local public goods.The second and third parts of the book address, respectively, the decentralization of cities and and tax reform. Issues discussed include: racial discrimination in housing markets, the design of land use regulation, the negative income tax, consumption taxes, and tax reform in transition countries, particularly Eastern European countries.These outstanding essays bring together, in an accessible form, the work of one of the most important scholars in the field of public finance and urban economics.Table of ContentsContents: Introduction Part I: General Equilibrium Analysis of Tax Incidence and Labor Markets Part II: Urban and Regional Economics Part III: Tax Policy and General Economics Index

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Book SynopsisBeyond the New Public Management is an important book which provides a comprehensive analysis of current conceptual debates in public management and governance; and critically reviews attempts made over the last two decades to apply the 'new public management' model in developed and developing countries.The book brings together a number of outstanding specialists who examine the range of ideas and concepts of the new models of reform, paying particular attention to the 'new public management' model and to strategies of good governance. It evaluates progress made by governments and aid donors in putting these ideas into practice. Using case studies from both the developed and developing world, it emphasises the extent to which public management and governance reforms are being applied throughout the international arena. The examples used focus on the problems of policy and institutional transfers between the industrialised world and developing countries. Multidisciplinary in its approach, the book draws on literature and research from management studies, political science, sociology, economics and development studies; and points to issues likely to dominate the future research agenda.This thoughtful and wide-ranging book will be essential reading for academics, students and practitioners of public management, public policy, governance and development.Trade Review'This book constitutes an effort to address what can be learned from the recent experiences to adopt new public management ideas in the context of developing countries. It is well worth reading for this reason alone.' -- Peter Aucoin, Canadian Public AdministrationTable of ContentsContents: 1. Introduction: The Analysis of Public Management and Governance Part I: Changing Ideas about Public Management and Governance 2. Changing the State 3. Policy Transfer 4. The New Public Management and Policy Transfer 5. Public Management for Social Inclusion 6. Towards Synergy in Social Provision 7. Public Management 8. Professionalism, Participation and the Public Good Part II: Changing Institutions and Practices in Public Management and Governance 9. Civil Service Reforms 10. Civil Service Reform Equals Retrenchment? 11. Management Decentralization in Practice 12. Private Markets, Public Identities, Management and Tertiary Education in Contemporary Vietnam 13. Civil Society and Social Provision 14. Central–Local Relations in the Asia–Pacific 15. Public Service, Complex Emergencies and the Humanitarian Imperative 16. Conclusions

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Book SynopsisThis book is concerned with some of the conceptual and practical problems of measuring the changes in welfare of individuals and the excess burdens arising from taxation. It provides an introductory review of alternative concepts and practical approaches to the measurement of welfare as well as providing a number of practical examples of welfare analyses in a variety of contexts.The excess burden of a tax is a central concept in economics. John Creedy provides an introduction to various concepts of welfare change, paying particular attention to the measurement issues involved. He then applies the methods outlined to the measurement of marginal tax reform and indirect tax reform, with empirical data taken from Australia. He also examines the redistributive effect of price changes in Australia between 1980 and 1995, and the effects of inflation in New Zealand over the period 1993-1995. Finally, he calculates the welfare costs of monopoly and measures the burdens of carbon taxation and welfare.Measuring Welfare Changes and Tax Burdens will be of interest to students and academics working in the areas of public finance and public policy, as well as economists working in government.Trade Review'This book will be of interest to advanced students and economists working in the area of public policy.' -- Aslib Book GuideTable of ContentsContents: Part I: Introduction 1. Introduction and Outline Part II: Theory and Methods 2. Review of Demand Analysis 3. Concepts of Welfare Change 4. Measuring Welfare Changes 5. A Convenient Parametric Approach 6. Equivalent Incomes and Optimal Taxation Part III: Applications 7. Marginal Tax Reform 8. Indirect Tax Reform 9. The Distributional Effects of Inflation 10. Welfare Costs of Monopoly 11. Carbon Taxation and Welfare Bibliography Index

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Book SynopsisInternational debt is a major concern both for the countries involved and for the economies financing it. What are the consequences for those involved and how can they tackle this problem? This 4-volume set presents 88 articles and provides a comprehensive, up-to-date analysis of the global issue of international debt. The origins and development of the debt crisis are followed by regional studies concerning Latin America, Africa and the Pacific. The involvement of banks and financial institutions is then explored, with competing explanations for the crisis. There follows an extensive analysis of more than 30 articles on dealing with debt. The final volume looks at the legacies and lessons of the debt crisis and includes a section on the recent problems in Asia.Table of ContentsIntroduction to volume 1. Part 1 Context - origins and development ofthe international debt crisis: debt and default in the 1930s - causes and consequences, B. Eichengreen, R. Portes; the debt-bomb threat, J. Palmer; the debt crisis - a longer perspective, A. Fishlow; the international debt situation and north-south relations, F. Stewart; Third World debt - the bomb is defused, G. Hector; the political geography of international lending by private banks, D.W. Fryer; the US trade and budget deficits in global perspective, S.E. Corbridge, J. Agnew; Third World debt - the disaster that didn't happen, W.R. Rhodes; the Mexican peso crisis, S. Griffith-Jones. Part 2 Context -regional studies: alternative outcomes of the Latin American debt crisis - lessons from the past, D. Felix; the social time-bomb, J. Roddick; the Brazilian borrowing experience - from miracle to debacle and back, J. Frieden; economic crisis, adjustment and living standards in Mexico, 1982-1985, N. Lustig; Mexico - stabilization, reform and no growth, R. Dornbusch, A. Werner; the external debt difficulties of low-income Africa, C. Humphreys, J. Underwood; the increase in death and disease under "katastroika", M. Ellman; the political economy of the Philippine debt crisis, S. Haggard. Part 3 Context - banks and institutions: the origins of the crisis 2 - the supply of credit, H. Lever, C. Huhne; the US commercial banks and the developing-country debt crisis, J. Sachs, H. Huizinga; bankers' dilemmas - private cooperation in rescheduling sovereign debts, C. Lipson; the politics of economic stabilization - IMF standby programs in Latin America, 1954-1984, K. Remmer.

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