Gareth D. Myles Livres

Public economics examines the impact of government taxation and spending on economic efficiency and income distribution. This comprehensive text addresses core topics such as market failure and taxation, while also exploring recent developments in political economy and public choice. It stands out for its broad scope, balancing public finance with public choice and integrating theory with empirical evidence. The book begins with the theory and methodology of public economics, followed by a historical and theoretical overview of the public sector. It addresses departures from efficiency, including imperfect competition and asymmetric information, as well as political economy issues like rent-seeking, which is often overlooked in other texts. Key topics include equity, taxation challenges such as tax evasion and its consequences, fiscal federalism, and tax competition among jurisdictions, along with intertemporal issues related to social security and economic growth. This text serves as an introduction to public economics theory and significant analytical results, providing a current overview of the field. It is suitable for readers with a background in intermediate microeconomics and macroeconomics, making it appropriate for advanced undergraduate and graduate courses. While mathematics is minimized, the book maintains an analytical approach. Each chapter concludes with annotated suggestions for further reading and numerous exe

This up-to-date new textbook provides a thorough treatment of all the central topics in public economics. Aimed at senior undergraduate and graduate students, it will also be invaluable to professional economists and to those teaching in the field. The book is entirely self-contained, giving all the equilibrium theory and welfare economics needed to understand the analyses. The author covers the Arrow-Debreu economy, welfare economics and the measurement of inequality and povery which lay the foundations and emphasize the important role played by information. Within the competitive economy, he examines commodity taxation, income taxation and tax reform in a certain environment. He goes on to study the public economics of uncertainty, and then treats public goods, externalities, imperfect competition and tax evasion as departures from the standard competitive assumptions and looks at their implication for public economics derived. Finally, after treatment of the overlapping generations economy, he addresses intertemporal issues concerning social security and debts.