Public Finance: A Contemporary Application of Theory to Policy, 10/e (Paperback)

• The cutting-edge 10th edition offers an intriguing view into public policy, addressing issues that will confront the United States and other nations throughout the new millennium. It thoroughly addresses current issues in public finance and taxation, including indifference curve analysis, producer and consumer surplus, and tax incidence.
• Professor Hyman presents critical concepts in the context of real-world, right-now issues. Unlike other texts which focus primarily on policy issues, Dr. Hyman emphasizes the economic theory of public goods and how best to provide them and then builds in applications to illustrate the main economics points. The latest edition covers timely topics such as national defense and homeland security, health care, pollution rights, Social Security reform, and federal tax reform.
• Offering a solid economics-oriented approach to public finance and public policy, Hyman’s PUBLIC FINANCE equips students with a balanced view of both the revenue and expenditure sides of taxes and public goods -- giving them the full story of how economics affect public policy issues.
• PUBLIC FINANCE is packed with current, real-world examples and issues that make reading interesting and promote lively student discussion and debate. Captivating Public Policy Perspectives address current issues in the news and how these issues will impact public finance now and in the future. In addition, Global Perspectives boxes compare different taxing and public goods delivery systems, giving students an excellent overview of global markets.
• The text offers many study tools to help readers review material and focus on key concepts, including Learning Objectives, Student Checkpoints to ensure understanding, Chapter Summaries, Looking Forward (a section that highlights upcoming topics), Key Concepts, Review Questions, end-of-chapter Problems, Internet Resources, and Additional Readings.

David N. Hyman David N. Hyman, professor of economics and alumni distinguished undergraduate professor at North Carolina State University, has taught both undergraduate and graduate courses in public finance there since 1969. Professor Hyman received his Ph.D. in Economics from Princeton University. He has held Woodrow Wilson, Earhart, and Ford Foundation fellowships and was a Fullbright senior research scholar in Italy in 1980. In 1997, he was visiting professor of economics at the University of Ferrara in Italy. Professor Hyman is a member of the Academy of Outstanding Teachers at North Carolina State University and received the Alumni Association Outstanding Teacher Award in 1982 and 1996. He is the author of several widely used textbooks in economics and has published scholarly articles in the NATIONAL TAX JOURNAL, PUBLIC CHOICE, the JOURNAL OF ECONOMICS EDUCATION, and other respected academic journals. Professor Hyman served the President's Council of Economic Advisors as a consultant and senior staff economist from 1988 to 1989. He also has been a guest scholar at the Brookings Institution and has worked as a government budget analyst and as an economist for the Board of Governors of the Federal Reserve System and the U.S. Comptroller of the Currency. Professor Hyman also is a photographer whose palladium and platinum prints are in the permanent collection of the Corcoran Gallery of Art in Washington, D.C. His photographs have been exhibited by galleries and museums and have been published in art books and on the covers of several novels.

PART I THE ECONOMIC BASIS FOR GOVERNMENT ACTIVITY
1. Government Activity in the Modern Mixed Economy
2. The Efficiency Criterion
3. Initializing Externalities
4. The Theory of Public Goods
5. Collective Choice and Politics.

PART II GOVERNMENT EXPENDITURES AND POLICY IN THE UNITED STATES: SELECTED ISSUES.
6. Government Budgeting and Cost-Benefit Analysis
7. Government Aid to the Poor
8. Social Insurance
9. Health Care Expenditures

PART III FINANCING GOVERNMENT EXPENDITURES
10. Alternative Means of Government Finance
11. Economic Analysis of Taxation
12. Fiscal Balance and Public Debt

PART IV TAXATION: THEORY AND STRUCTURE
13. Income Taxes
14. Personal Income Taxes in the United States
15. Business Income Taxes
16. Consumption Taxes
17. Wealth Taxes

PART V STATE AND LOCAL GOVERNMENT FINANCE.
18. Public Finance in a Federal System of Government