Public Finance provides learners with a balance of expenditure and tax topics along with the information and analytical tools to understand major government policy and finance issues. The book has been praised for its clarity, good organization, and careful explanations of complex issues. ÍNDICE: PART ONE. THE ECONOMIC BASIS FOR GOVERNMENT ACTIVITY. 1. Individuals and Government. 2. Efficiency, Markets, and Governments. 3. Externalities and Government Policy. 4. Public Goods. 5. Public Choice and the Political Process. PART 2. GOVERNMENT EXPENDITURES AND POLICY IN THE UNITED STATES: SELECTED ISSUES. 6. Cost-Benefit Analysis and Government Investments. 7. Government Subsidies and Income Support for the Poor. 8. Social Security and Social Insurance. 9. Government and Health Care. PART 3. FINANCING GOVERNMENT EXPENDITURES. 10. Introduction to Government Finance. 11. Taxation, Prices, Efficiency, and the Distribution of Income. 12. Budget Balance and Government Debt. PART 4. TAXATION: THEORY AND STRUCTURE. 13. The Theory of Income Taxation. 14. Taxation of Personal Income in the United States. 15. Taxation of Corporate Income. 16. Taxes on Consumption and Sales. 17. Taxes on Wealth, Property, and Estates. PART 5. STATE AND LOCAL GOVERNMENT FINANCE. 18. Fiscal Federalism and State and Local Government Finance.