Public Finance and Public Choice

"How should we maximise the welfare of a community? Do governments tax and spend efficiently? -- What effect has behavioural economics had on the analysis of public economics? Public Finance and Public Choice 3e addresses these questions, beginning with an examination of expenditure analysis, it then moves on to look closely at taxation, before finally reflecting on some different schools of thought on public finance. The third edition retains the book's well respected public choice perspective while also tackling contemporary subjects. The authors examine the influence of behavioural analysis on public policy and also consider the economics of happiness in a new chapter. Other additions include developments in the area of pension provision and discussion of issues relating to the environment and climate change. Public Finance and Public Choice will provide all students who already have a good grounding in economics with a thorough, valuable, understanding and appreciation for public economics and its approaches."--Cover.