Contemporary Public Finance

Contemporary Public Finance looks at the size of the public sector compared to the private sector as it relates to issues of maximum economic efficiency and social welfare. Consideration is given to the types of government expenditures and taxes that are chosen to achieve stable prices and high employment levels. The economic impact of public sector activities within a democratic framework provides an important context for considering public finance. The relationship of domestic fiscal policy to international finance completes the study. Public finance looms ever larger as fiscal management and related issues become more and more complex.