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Public Finance: A Contemporary Application of Theory to Policy by David Hyman

In this upper-level undergraduate text, David Hyman delivers a solid economics-oriented approach to public finance and public policy. The 10th edition of PUBLIC FINANCE addresses public issues that will confront the United States and other nations throughout the new millennium. Dr. Hyman first emphasizes the economic theory of public goods and how to best provide them. He then builds in relevant applications to illustrate the main economics points and ensure solid understanding. Packed with timely, real-world examples, this text sparks lively discussion and debate with its convincing coverage of hot topics using the latest government statistics and recent scholarly research.

Contents:

PART 1 THE ECONOMIC BASIS FOR GOVERNMENT ACTIVITY

CHAPTER 1 Individuals and Government 2
CHAPTER 2 Efficiency, Markets, and Governments 55
CHAPTER 3 Externalities and Government Policy 98
CHAPTER 4 Public Goods 144
CHAPTER 5 Public Choice and the Political Process 176

PART 2 GOVERNMENT EXPENDITURES AND POLICY IN THE UNITED STATES: SELECTED ISSUES

CHAPTER 6 Cost-Benefit Analysis and Government Investments 226
CHAPTER 7 Government Subsidies and Income Support for the Poor 259
CHAPTER 8 Social Security and Social Insurance 311
CHAPTER 9 Government and Health Care 360

PART 3 FINANCING GOVERNMENT EXPENDITURES

CHAPTER 10 Introduction to Government Finance 412
CHAPTER 11 Taxation, Prices, Efficiency, and the Distribution of Income 445
CHAPTER 12 Budget Balance and Government Debt 489

PART 4 TAXATION: THEORY AND STRUCTURE

CHAPTER 13 The Theory of Income Taxation 526
CHAPTER 14 Taxation of Personal Income in the United States 557
CHAPTER 15 Taxation of Corporate Income 612
CHAPTER 16 Taxes on Consumption and Sales 643
CHAPTER 17 Taxes on Wealth, Property, and Estates 674

PART 5 STATE AND LOCAL GOVERNMENT FINANCE

CHAPTER 18 Fiscal Federalism and State and Local Government Finance 708

Glossary 745
Name Index 756
Subject Index 760

About the Author

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 for more than 30 years. Dr. Hyman received his Ph.D. in economics from Princeton University. He has held Woodrow Wilson, Earhart and Ford Foundation fellowships and was a Fulbright senior research scholar in Italy. He has served as a visiting research professor at the University of Turin in Italy and as visiting professor of economics at the University of Ferrara in Italy. Dr. 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. In 2006 and 2019, he also received the North Carolina State University Department of Economics College of Management Teaching Excellence Award. In 2010 and 2012, Dr. Hyman was the College of Management recipient of the Board of Governors Award for Excellence in Teaching. He has authored several popular economics texts and has published scholarly articles in the National Tax Journal, Public Choice, Journal of Economic Education and other respected academic journals. In 2005, his PUBLIC FINANCE text was translated into Chinese and published by the Peking University Press. Dr. Hyman served on the President’s Council of Economic Advisers as a consultant and senior staff economist. He has also been a guest scholar at the Brookings Institution and has worked as a government budget analyst and economist for the Board of Governors of the Federal Reserve System and the U.S. Comptroller of the Currency. In addition, Dr. Hyman is a photographer whose palladium and platinum prints are in the Corcoran Legacy Collection at the American University Museum in Washington, D.C. and the Gregg Museum of Art and Design at North Carolina State University.

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