8/12/2019 Public Finance, Second Edition by Ghosh, Ambar, Ghosh, Chandana

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PUBLIC FINANCE,SECOND EDITIONBy GHOSH, AMBAR, GHOSH, CHANDANA

About The Book

Price: Rs. 425.00ISBN: 978-81-203-4998-8Pages: 368Binding: Paper Back

DESCRIPTION

The objective of the theory of public finance is to determine the optimal scales of governmentinterventions or expenditures in different areas and the optimum modes of financing theseexpenditures. The problems that the government handles are extremely complex, and this makesthe theory of public finance chal lenging and exciting at the same time. It is c ontinuousl y searchi ngfor better, more acceptable and easier-to-implement solutions to the problems encountered. Thisbook, in its second edition, continues to build up in detail the major theories of public finance

starting from the fundamental princi ples, and expla ins how government decisions are taken on thebasis of the guidelines yielded by these theories. The new edition is incorporated with updateddata throughout, including the newly revised tax s labs .

This book exposes the students to various facets of public finance which develops analyticalframeworks to:

• Address the is sues of efficient all ocation of resources between private, publi c a nd mixed goods• Ensure equitable dis tribution of tax burden among individual s• Find ways of mini mizing ineffici ency of the tax s tructure• Study the statutory and economic incidence of different types of taxes• Examine the implications of government borrowing• Develop the rationale of distributing economic or fiscal responsibilities and tax powers amongdifferent tiers of government.

8/12/2019 Public Finance, Second Edition by Ghosh, Ambar, Ghosh, Chandana

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The book makes the comprehension of the subject easier by developing simple mathematicalmodels to derive the major results in each of the above areas, and by explaining the economicintuition of the results in detail. The concepts are illustrated with the help of simple examplestaken from the Indian economy. Moreover, the book as sesses I ndia’s economic polic ies i n the lightof the theories discussed. Another distinguishing feature of the book is that it contains a largenumber of review questions and numerical problems on every topic discussed to help the studentsapply the tools and techniques learnt, and thereby, develop a sound understanding of the subject.

This textbook is designed to serve the needs of undergraduate and postgraduate students of economics for the paper Public Finance/Public Economics.

CONTENTS

Preface1. INTRODUCTION2. PUBLIC GOODS, MIXED GOODS AND EXTERNALITY3. PRINCIPLES OF TAX EQUITY

4. EFFICIENCY OF TAXATION5. TAX INCIDENCE6. PERSONAL INCOME TAXATION7. CORPORATION INCOME TAX8. SALES TAX9. PUBLIC DEBT10. FISCAL FEDERALISMIndex

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