Table of Contents

PART I: THE ECONOMIC BASIS FOR GOVERNMENTACTIVITY.
1. Individuals and Government.
2. Efficiency, Markets, and Governments.
3. Externalities and Government Policy.
4. Public Goods.
5. Public Choice and the Political Process.
PART II: GOVERNMENT EXPENDITURES AND POLICYIN THE UNITED STATES: SELECTED ISSUES.
6. Cost-Benefit Analysis and Government Investments.
7. Government Subsidies and Income Support for the Poor.
8. Social Security and Social Insurance.
9. Government and Health Care.
PART III: FINANCING GOVERNMENT EXPENDITURES.
10. Introduction to Government Finance.
11. Taxation, Prices, Efficiency, and the Distribution of Income.
12. Budget Balance and Government Debt.
PART IV: TAXATION: THEORY AND STRUCTURE.
13. The Theory of Income Taxation.
14. Taxation of Personal Income in the United States.
15. Taxation of Corporate Income.
16. Taxes on Consumption and Sales.
17. Taxes on Wealth, Property, and Estates.
PART V: STATE AND LOCAL GOVERNMENT FINANCE.
18. Fiscal Federalism and State and Local Government Finance.
Glossary.
Name Index.
Subject Index.

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.

Reviews

PART I: THE ECONOMIC BASIS FOR GOVERNMENTACTIVITY. 1. Individuals and Government. 2. Efficiency, Markets, and Governments. 3. Externalities and Government Policy. 4. Public Goods. 5. Public Choice and the Political Process. PART II: GOVERNMENT EXPENDITURES AND POLICYIN THE UNITED STATES: SELECTED ISSUES. 6. Cost-Benefit Analysis and Government Investments. 7. Government Subsidies and Income Support for the Poor. 8. Social Security and Social Insurance. 9. Government and Health Care. PART III: FINANCING GOVERNMENT EXPENDITURES. 10. Introduction to Government Finance. 11. Taxation, Prices, Efficiency, and the Distribution of Income. 12. Budget Balance and Government Debt. PART IV: TAXATION: THEORY AND STRUCTURE. 13. The Theory of Income Taxation. 14. Taxation of Personal Income in the United States. 15. Taxation of Corporate Income. 16. Taxes on Consumption and Sales. 17. Taxes on Wealth, Property, and Estates. PART V: STATE AND LOCAL GOVERNMENT FINANCE. 18. Fiscal Federalism and State and Local Government Finance. Glossary. Name Index. Subject Index.