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The new edition is incorporated with updated data throughout, including the newly revised tax slabs. This book, in its second edition, continues to build up in detail the major theories of public finance starting from the fundamental principles, and explains how government decisions are taken on the basis of the guidelines yielded by these theories. It is continuously searching for better, more acceptable and easier-to-implement solutions to the problems encountered. The problems that the government handles are extremely complex, and this makes the theory of public finance challenging and exciting at the same time. The objective of the theory of public finance is to determine the optimal scales of government interventions or expenditures in different areas and the optimum modes of financing these expenditures. Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that your class time is more engaging and effective. The goal is simple: to emphasize the links between sound economics and the analysis of real-world policy problems.
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The authors’ years of policy experience have convinced themselves that modern public finance provides a practical and invaluable framework for thinking about policy issues. All of the changes in the Tenth edition were made to further the authors’ goal of providing students with a clear and coherent view of the role of government spending and taxation. While the information presented is cutting edge and reflects the work of economists currently active in the field, the approach makes the text accessible to undergraduates whose only prior exposure to economics is at the introductory level. This new edition incorporates recent developments and along the way takes students to the frontiers of current research and policy. This combination of experience is able to explain as clearly as possible how the tools of economics can be used to analyze government expenditure and tax policies. Public Finance benefits from the combined efforts of Harvey Rosen’s market-leading book and co-author Ted Gayer’s research and government agency experience.