Description
Book SynopsisBuild a strong understanding of today's public finance and public policy with the economics-oriented approach in Hyman's PUBLIC FINANCE: A CONTEMPORARY APPLICATION OF THEORY TO POLICY, 12E. Popular author and respected economist Dr. David Hyman clearly illustrates the role government plays in today's economy as he explains how and why the public sector makes decisions. This timely edition addresses public issues confronting the United States and other nations throughout the new millennium. You examine expenditure and tax topics as you develop analytical tools to understand major government policy and finance issues.Packed with current, real examples, this edition sparks lively discussion and debate with its coverage of hot topics, such as today's national defense and homeland security, pollution rights, Social Security reform, federal tax reform and the Iraq war. Numerous study tools and exercises help you sharpen your economic insights.
Table of ContentsPART I: THE ECONOMIC BASIS FOR GOVERNMENT ACTIVITY. 1. Individuals and Government. 2. Efficiency, Markets, and Governments. 3. Externalities and Government Policy. 4. Public Goods. 5. Public Choice and the Political Process. PART II: GOVERNMENT EXPENDITURES AND POLICY IN THE UNITED STATES: SELECTED ISSUES. 6. Cost-Benefit Analysis and Government Investments. 7. Government Subsidies and Income Support for the Poor. 8. Social Security and Social Insurance. 9. Government and Health Care. PART III: FINANCING GOVERNMENT EXPENDITURES. 10. Introduction to Government Finance. 11. Taxation, Prices, Efficiency, and the Distribution of Income. 12. Budget Balance and Government Debt. PART IV: TAXATION: THEORY AND STRUCTURE. 13. The Theory of Income Taxation. 14. Taxation of Personal Income in the United States. 15. Taxation of Corporate Income. 16. Taxes on Consumption and Sales. 17. Taxes on Wealth, Property, and Estates. PART V: STATE AND LOCAL GOVERNMENT FINANCE. 18. Fiscal Federalism and State and Local Government Finance. Glossary. Name Index. Subject Index.
