Table of Contents

PART I: THEORY The Role of Economic Theory The Economic Rationale for Government Theories of Public Sector Growth The Economic Effects of Taxation The Economic Effects of Public Sector Borrowing Charging for Public Sector Outputs Public Choice Theory of Government Intervention PART II: POLICY AND PRACTICE Rolling Back the Frontiers of the State Public Expenditure Policy and Practice Tax Policy and Practice Public Sector Borrowing: Policy and Practice Income Inequalities and Economic Restructuring PART III: CASE STUDIES OF THEORY, POLICY AND PRACTICE Nationalisation, Privatisation and Regulation Water: A Case Study of Regulation and Charging Market Testing and Contracting Out.

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STEHPEN BAILEY is a Professor within the Division of Economics and Enterprise at Glasgow Caledonian University.

About the Author

STEHPEN BAILEY is a Professor within the Division of Economics and Enterprise at Glasgow Caledonian University.