This non-technical volume analyses topical problems of public finance in a changing world characterized by growing mobility of production factors, liberalized economic policy regimes, and the formation of new nations. It discusses alternative views of government and the way we measure its activities; the modern welfare state and its impact on entrepreneurship and employment; issues of fiscal coordination and income redistribution in a world with many jurisdictions; and the problems of raising government revenue and of allocating property rights in transition economies.
Rezensionen / Stimmen
'This volume sees some of the world's leading scholars in public economics build a bridge between theory and practice. They show how modern public economics can shed light on the most pressing public policy issues of our time'
- Lans Bovenberg, CPS Netherlands Bureau for Economic Policy Analysis
'Peter Birch Sorensen has done a superb job in assembling a collection focussed on the most urgent problems facing real world public finance: strains in the institutions of advanced welfare states, persistent unemployment in Europe and inequality in the USA, constraints imposed by ever increasing openness of the world's national economies and the creation of new institutions in formerly socialist systems. Policymakers will be grateful for the guidance offered; students of public finacne will be stimulated by this rich mine of applied analysis'
- David F.Bradford, Professor of Economics and Public Affairs, Princeton University
