000			01713nam a22002537a 4500
005			20251011171310.0
008			251011b |||||||| |||| 00| 0 eng d
020			_a9788196544553
037			_cPurchased _nAsad Book Centre, Market Road, Ernakulam
041			_aEnglish
082			_a336 _bMUS/PU
100			_aMusgrave, Richard A
245			_aPUBLIC FINANCE IN THEROY AND PRACTICE
250			_a6
260			_aNew Delhi _bMedTech Science Press _c2024
300			_g627
500			_aThis edition of this text on public finances reflects significant changes in theory and practice. Notably, consumption has become a prominent factor in defining personal taxation, and tax theory now emphasizes deadweight loss, growth effects, and less concern for tax distribution. Fiscal federalism and public choice theories have evolved, considering federal roles and political decision-making. Macroeconomic upheavals led to a reevaluation of fiscal stabilization, and international dimensions garnered increased attention. Fiscal institutions adapted to changing needs, with a focus on limiting public sector growth. This edition has been updated to incorporate these developments while maintaining the close interaction between institutional and theoretical aspects. The authors emphasize the constructive role of the public sector in a democratic society and hope this edition contributes to efficient public sector management. Acknowledgments are made to colleagues and contributors for their valuable insights during the development of the text.
650			_aSocial sciences
650			_a Economics
650			_aPublic finance
700			_aPeggy B Musgrave
942			_cLEN
942			_2ddc
999			_c196592 _d196592