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he diagrammatic approach provides a solid grounding in public economics without overwhelming the reader with unnecessary maths.
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Analyses the theory from public choice and behavioural public finance perspectives, critically examining what governments actually do in practice by using psychological research to better understand economic decisions.
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Sets the theory in the context of the European environment, where relevant, to ensure that students can see the application of the theory in their own government.
New to this edition
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A new chapter on behavioural public finance introduces students to this topical area of research.
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Developments in the area of pension provision have been added.
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Environmental issues and climate change are now covered, owing to their increasing importance to the government.
Public Finance and Public Choice provides a solid foundation in contemporary public economics, analysing different theoretical approaches and contextualising the theory with relevant and up-to-date examples. The authors have retained the focus on the public choice school of thought in this new edition and have also added an emphasis on behavioural public finance. The comprehensive nature of the analysis, coupled with the intuitive diagrammatic approach, ensures that students using this book gain a thorough understanding of the subject.
Online Resource Centre
The text will be accompanied by an Online Resource Centre which comprises
For lecturers:
Artwork from the book
For students:
Self-test questions (5 per chapter)
Web links
Readership: Students on economics degrees taking an advanced level module in public economics. The module can also be an option for students on politics, public administration, finance, or business programmes.