The Economics of Public SpendingDavid Miles, Gareth Myles, Ian Preston OUP Oxford, 2003 M03 20 - 428 pages The Economics of Public Spending investigates the extent of government involvement in the economy, details its rational, and traces its historical record. The book unites articles previously published in Fiscal Studies, each one addressing a different area of expenditure and written by an economist specializing in that field. They describe both the data on public expenditure and the theory relevant to understanding the policy issues. A new introduction investigates the overall role of the public sector and discusses the general theory of public expenditure. In providing a detailed analysis of public expenditure, the book makes an important contribution to the economics literature. There are no other texts with this breadth of coverage or depth of analysis. Insights are provided into both the policy issues, cross-country comparisons of expenditure, and alternative approaches to economic analysis. The chapters apply the tools of orthodox public finance, public choice, modern public economics, and game theory to reach a range of policy proposals and conclusions. These demonstrate the range and potential of economic analysis when applied to these important issues. |
Contents
The Economics of Public Spending | 1 |
Principles | 31 |
A Review of the Issues 89 69 | 89 |
Education and Public Policy | 121 |
Public and Private | 199 |
On Sharing NATO Defence Burdens in the 1990s and Beyond | 237 |
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allies allocation analysis annuity argument arts average basic state pension capita cent changes competition consumers costs criminal justice DCMS defence burdens deterrence developed earnings effects of UI efficiency elasticity environmental expenditure estimates evidence example finance Finland firms Fiscal Studies funding Germany growth growth accounting healthcare higher education incentives income increase individuals industry Institute for Fiscal investment issues Labor Economics labour supply Launch Aid literature London market failure measure million National NATO Netherlands OECD pension system percentage political population Porter hypothesis potential private sector privatisation productivity programmes public expenditure public sector public spending rank correlation rate of return redistribution reform rent seeking replacement rate Report result retirement Review risk scheme science budget SERPS share social security Source Statistics subsidy suggest Table tion transit unemployment insurance urban workers World Bank