Finally, and most important, this text continues to reflect our premise that the public sector has an important and constructive role to perform rather than being, as has increasing come to be the view, an unfortunate interference in the market. though powerful as an instrument of social organization, the market cannot perform all the functions that need to be met to achieve the economic and social goals of a democratic society. To accomplish that task, a partnership with the public sector is needed, and this is precisely why an efficient conduct of the public of the public sector is of such importance. It is our hope that this fifth edition of our text will make some contribution to that goal.

Table of Contents:
PART I: WHAT THE PUBLIC SECTOR IS ABOUT Chapter 1. Fiscal Functions: An Overview Chapter 2. Public Sector in The Economic Accounts Chapter 3. Fiscal Institutions PART II: ALLOCATIONS, DISTRIBUTION, AND PUBLIC CHOICE Chapter 4. Public Provision for Social Goods Chapter 5. Social Goods Considered Further Chapter 6. Equity in Distribution Chapter 7. Public Choice and Fiscal Politics PART III: EXPENDITURE STRUCTURE AND POLICY Chapter 8. Public Expenditure: Structure and Growth Chapter 9. Expenditure Evaluation: Principles Chapter 10.Case Studies In Expenditure Policy :( 1)Public Services Chapter 11.Case Studies In Expenditure Policy :( 2)Low Income Support And Social Insurance PART IV: PRINCIPAL OF TAXATION Chapter 12.Introduction of Taxation Chapter 13.Approaches to Tax Equity Chapter 14.Tax and Expenditure Incidence: An Overview Chapter 15.Principles of Tax Incidence Chapter 16.Excess Burden and Efficient Tax Design Chapter 17.Taxation Effects on Capacity Output: A Supply-Side Perspective PART V: TAX STRUCTURE Chapter 18.Development and Composition of United States Tax Structure Chapter 19.Individual Income Tax: Defining Taxable Income Chapter 20.Individual Income Tax: Further Problems Chapter 21.Corporation Income Tax: Structure and Integration Chapter 22.Corporation Income Tax: Further Issues Chapter 23.Consumption Taxes Chapter 24.Property and Wealth Taxes Chapter 25.Death Duties Chapter 26.Payroll Tax PART VI: FISCAL FEDERALISM Chapter 27.Principles of Multiunit Finance Chapter 28.Principles of Federal Finance Chapter 29.The Structure of Fiscal Federalism In The United States PART VII: FISCAL POLICY AND STABILIZATION Chapter 30.Principles of Stabilization Policy Chapter 31.Further Issues in Fiscal Policy Chapter 32.Economics of the Public Debt PART VIII: INTERNATIONAL ISSUES Chapter 33.International Fiscal Coordination?s Chapter 34.Development Finance Indexes Name index Subject index