Summary: A longtime favorite among teachers and students, Economics of the Public Sector returns to the classroom in a fresh edition that has been fully revised to reflect the latest developments in public policy and economic research. Professor Stiglitz builds on the book's classic strengths: an integrated approach to public economics, a readable and inviting style, and careful attention to real-world problems and applications.
An Integrated Approach ...show more Advancing the view that economic analysis applies to government spending as well as to its revenues, Professor Stiglitz devotes fully half of his text to the theory and analysis of expenditures programs. No competing text offers complete chapters on each of the major categories of expenditures: health care, defense, Social Security, welfare, and education. Current Coverage Each chapter of this book has been carefully revised and updated. Among the wealth of new material Professor Stiglitz now covers are a wide range of recent policy issues, including welfare reform, the current debate on Social Security, the rise and fall of health care reform in 1993 and its aftermath, and the federal tax reforms of 1993 and 1997. New advances in research also inform the presentation throughout. Realism Based on Real World Experience As a policy adviser at the highest levels, Professor Stiglitz has contributed to debates around the world on the central questions of concern in this textbook. Each chapter bears the mark of his experience and offers students a view of the field firmly rooted in the real world. ...show less