| Description |
xxiii, 823 pages : illustrations ; 25 cm |
| Contents |
Part 1. Introduction -- 1. The Public Sector in a Mixed Economy -- The Economic Role of Government -- What or Who is the Government? -- Thinking Like a Public Sector Economist -- Disagreements Among Economists -- 2. The Public Sector in the United States -- Types of Government Activity -- Gauging the Size of the Public Sector -- Government Revenues -- Deficit Financing -- Playing Tricks With the Data on Government Activities -- Part 2. Fundamentals of Welfare Economics -- 3. Market Efficiency -- The Invisible Hand of Competitive Markets -- Welfare Economics and Pareto Efficiency -- Analyzing Economic Efficiency -- 4. Market Failure -- Property Rights and Contract Enforcement -- Market Failures and the Role of Government -- Redistribution and Merit Goods -- Two Perspectives on the Role of Government -- 5. Efficiency and Equity -- Efficiency and Distribution Trade-Offs -- Analyzing Social Choices -- Social Choices in Practice -- Three Approaches to Social Choices -- Appendix. Alternative Measures of Inequality -- The Lorenz Curve -- The Dalton-Atkinson Measure -- Part 3. Public Expenditure Theory -- 6. Public Goods and Publicly Provided Private Goods -- Public Goods -- Publicly Provided Private Goods -- Efficiency Conditions for Public Goods -- Efficient Government as a Public Good -- Appendix A. The Leftover Curve -- Appendix B. Measuring the Welfare Cost of user Fees -- 7. Public Choice -- Public Mechanisms for Allocating Resources -- Alternatives for Determining Public Goods Expenditures -- Politics and Economics -- Appendix. New Preference-Revelation Mechanisms -- 8. Public Production and Bureaucracy -- Natural Monopoly: Public Production of Private Goods -- Comparison of Efficiency in the Public and Private Sectors -- Sources of Inefficiency in the Public Sector -- Corporatization -- A Growing Consensus on Government's Role in Production -- 9. Externalities and the Environment -- The Problem of Externalities -- Private Solutions to Externalities -- Public Sector Solutions to Externalities -- Protecting the Environment: the Role of Government in Practice -- Part 4. Expenditure Programs -- 10. The Analysis of Expenditure Policy -- Need for Program -- Market Failures -- Alternative Forms of Government Intervention -- The Importance of Particular Design Features -- Private Sector Responses to Government Programs -- Efficiency Consequences -- Distributional Consequences -- Equity-Efficiency Trade-Offs -- Public Policy Objectives -- Political Process -- 11. Cost-Benefit Analysis -- Private Cost-Benefit Analysis -- Social Cost-Benefit Analysis -- Consumer Surplus and the Decision to Undertake a Project -- Measuring Non-Monetized Costs and Benefits -- Shadow Prices and Market Prices -- Discount Rate for Social Cost-Benefit Analysis -- The Evaluation of Risk -- Distributional Considerations -- Cost Effectiveness -- 12. Health Care -- The Health Care System in the United States -- Rationale For a Role of Government in the Health Care Sector -- Reforming Health Care -- 13. Defense and Technology -- Defense Expenditures -- Increasing the Efficiency of the Defense Department -- Defense Conversion -- Technology -- 14. Social Insurance -- The Social Security System -- Social Security, Private Insurance, and Market Failures -- Should Social Security be Reformed? -- Reforming Social Security -- 15. Welfare Programs and the Redistribution of Income -- A Brief Description of Major U.S. Welfare Programs -- Rationale for Government Welfare Programs -- Analytic Issues -- Welfare Reform: Integration of Programs -- The Welfare Reform Bill of 1996 -- 16. Education -- The Structure of Education in the United States -- Why is Education Publicly Provided and Publicly Financed? -- Issues and Controversies in Educational Policy -- Aid to Higher Education -- Appendix. How Should Public Educational Funds be Allocated? -- Part 5. Taxation: Theory -- 17. Introduction to Taxation -- The Five Desirable Characteristics of any Tax System -- General Framework for Choosing Among Tax Systems -- 18. Tax Incidence -- Tax Incidence in Competitive Markets -- Tax Incidence of Environments Without Perfect Competition -- Equivalent Taxes -- Other Factors Affecting Tax Incidence -- Incidence of Taxes in the United States -- Appendix. Comparison of the Effects of an Ad Valorem and Specific Commodity Tax on a Monopolist -- 19. Taxation and Economic Efficiency -- Effect of Taxes Borne by Consumers -- Quantifying the Distortions -- Effects of Taxes Borne by Producers -- Taxation of Savings -- Taxation of Labor Income -- Measuring the Effects of Taxes on Labor Supplied -- 20. Optimal Taxation -- Two Fallacies of Optimal Taxation -- Optimal and Pareto Efficient Taxation -- Differential Taxation -- Taxes on Producers -- Appendix A. Deriving Ramsey Taxes on Commodities -- Appendix B. Derivation of Ramsey Formula for Linear Demand Schedule -- 21. Taxation of Capital -- Should Capital be Taxed? -- Effects on Savings and Investment -- Impact on Risk Taking -- Measuring Changes in Asset Values -- Part 6. Taxation in the United States -- 22. The Personal Income Tax -- Outline of the U.S. Income Tax -- Principles Behind the U.S. Income Tax -- Practical Problems in Implementing an Income Tax System -- Special Treatment of Capital Income -- 23. The Corporation Income Tax -- The Basic Features of the Corporation Income Tax -- The Incidence of the Corporation Income Tax and its Effect on Efficiency -- Depreciation -- Combined Effects of Individual and Corporate Income Tax -- The Corporation Tax as Economic Policy -- Taxation of Multinationals -- Should There be a Corporation Income Tax? -- 24. A Student's Guide to Tax Avoidance -- Principles of Tax Avoidance -- Tax Shelters -- Tax Reform and Tax Avoidance -- Equity, Efficiency, and Tax Reform -- 25. Reform of the Tax System -- Fairness -- Efficiency -- Simplifying the Tax Code and Reducing Administrative Costs -- Transition Issues and the Politics of Tax Reform -- Tax Reforms for the Twenty-First Century -- Part 7. Further Issues -- 26. Fiscal Federalism -- The Division of Responsibilities -- Principles of Fiscal Federalism -- Production Versus Finance -- 27. State and Local Taxes and Expenditures -- Tax Incidence Applied to Local Public Finance -- Capitalization -- Public Choice at the Local Level -- Problems of Multi-Jurisdictional Taxation -- 28. Deficit Finance -- The U.S. Deficit Problem Since the 1980s -- Consequences of Government Deficits -- Improving the Budgetary Process -- The Long-Term Problem: Entitlements and the Aged |
| Analysis |
Finance |
|
Fiscal policy |
|
Overseas item |
|
United States |
| Notes |
Previous ed.: 1988 |
| Bibliography |
Includes bibliographical references and index |
| Notes |
English |
| Subject |
Finance, Public -- United States.
|
|
Fiscal policy -- United States.
|
| Author |
Stiglitz, Joseph E.
|
| LC no. |
00001403 98034980 |
| ISBN |
0393966518 |
|
