Modern Theory of Public Finance
Book 1
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Book 1
Book 2
Book 3
Book 1
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Book 3
Book 1
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Modern Theory of Public Finance

Modern Theory of Public Finance


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It further articulates an indepth analysis of the effects of uncertainty and external factors on the efficacy of the market mechanism. In this part author has also taken up the problems of allocation of public good, the free-rider problems, demand revealing incentives, compatible allocative mechanism and some voting models of public goods. The author further elaborates social welfare function, arrows impossibility theorem and related results, the utilitarian, neo-utilitarian and Rawlsian norms of justice. Part II studies the incentives, effects of taxes on labour supply, savings, risk-taking and investment. It further studies standard incidence theory in a static two sector model of general equilibrium, tax incidence in growing economics, the incentive effects of taxes in the presence of inflation and taxation of exhaustible resources. The author has also taken up the issues of direct/indirect tax controversy, the problem of optimal mix of direct and indirect taxes as well as the problem of optimal taxation in static economics. Part III considers macrofiscal policy typified by the works of Blinder, Solow, Turnovsky, Tobin and others. It also explains cost-benefit analysis and the problems of pricing the output of the public sector. Part IV analyses the problems of public economics in the Indian context. It further studies direct and indirect tax structure, recent policy issues, a review of centre-state relations and the public sector in India. The book has been primarily written as a text for the postgraduate students of Indian Universities. It is also very useful for honours and research students.

About the Author :
Dr. Raghbendra Jha is on the faculty of Delhi School of Economics, Delhi University. He obtained his masters degree from Delhi School of Economics, University of Delhi in 1975 and Ph.D. from Columbia University, USA, in 1978. He has taught at Columbia University and Williams College in the USA and, recently at Queen's University in Canada and Delhi School of Economics, Administrative Staff College of India, and National Institute of Public Finance and Policy in India. A prolific scholar, he is the author of Modern Theory of Public Finance, Essays in the Theory of Aggregate Supply, The International Economic Order, Pricing and Preference Policy for the Public Sector in India, Pricing of Postal Services in India (coauthored), and Efficiency and Distributional Equity (coauthored) and numerous scholarly papers in leading international and national journals.


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Product Details
  • ISBN-13: 9788122427691
  • Publisher: New Age International Pvt Ltd Publishers
  • Publisher Imprint: New Age International Pvt Ltd Publishers
  • Language: English
  • ISBN-10: 8122427693
  • Publisher Date: 01 Dec 2010
  • Binding: Paperback
  • No of Pages: 490


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