Summary of Public Finance

Public Finance is a comprehensive introduction to the entire field of public finance. It provides an overview of all the major issues and topics in the field, from the basics of taxation and budgeting to more advanced theories and practices related to public taxation, expenditure policy, debt financing, and economic impact. The book also covers economic efficiency, equity in taxation, the impact of government borrowing, and public-choice theory. It explains the budgetary cycle, examines the role of public finance in the global economy, and analyzes the role of government in maintaining internal and external economic stability. Finally, the book outlines the legal, ethical, and political issues that govern public finance. This book provides the reader with an all-encompassing view of public finance from the micro-economic perspective.