Public Economics (Hardcover)

Public Economics By M. M. Sury, PhD Cover Image
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Description


Governments are big and important in modern times. People depend on their government to protect themselves against external aggression, internal disorders, pollution, epidemics, social injustice, exploitation, unemployment, and poverty. Furthermore, a government is expected to: (a) provide educational, medical, and housing facilities, (b) build roads, bridges, and communication networks, (c) ensure personal freedom and enforcement of contracts, and (d) maintain democratic institutions and cordial relations with foreign countries. Furthermore, present day economies are complex and hence need constant monitoring on the part of the government to deal with such economic problems as inflation, recession, and deficit in the balance of payments. Hence, active participation of the government in the economic life of a country is recognised by economists the world over. Modern governments are equipped with several powers to influence the working of an economy directly and indirectly. A government may participate in economic activities directly by assuming the role of a producer, banker, transporter, and distributor. It may influence production and consumption of commodities through regulatory measures during emergencies like a war. Governments can also influence the level and pattern of production and consumption indirectly through fiscal, monetary, industrial, and commercial policies. Public economics is the study of government policy from the viewpoint of equity and economic efficiency. It deals with the modes of government intervention and its implications for mobilization and allocation of resources, distributive justice, and economic growth in an economy. Hence, the subject involves formal analysis of taxation and public expenditure policies of the government. In addition, it also includes the study of public goods, market failures, externalities, and the problem of free-riding. This book explains various aspects of public economics in simple, lucid, and non-technical language. It would connect teachers and students of the subject to the basic concepts, components, and processes of public economics. The book contains 30 chapters which have been organized into 2 parts. 

About the Author


M.M. Sury received his B.A. (Hons.), M.A., and Ph.D. degrees in economics from the University of Delhi. He taught economics in the same University for 42 years. Specialising in fiscal economics, he has published extensively on the Indian fiscal system in recognised national and international journals, including Small Industry Bulletin for Asia and the Pacific (United Nations, Bangkok), Bulletin for International Fiscal Documentation (International Fiscal Association, Amsterdam), Asian-Pacific Tax and Investment Bulletin (Singapore), Journal of the Indian School of Political Economy (Pune), Indian Economic Journal (Bombay), and Margin (New Delhi). He was a Visiting Fellow at the International Bureau of Fiscal Documentation, Amsterdam (May 1989), a Fellow at the Indian Institute of Advanced Study, Shimla (1991-92), and a Visiting Fellow in the Department of Law and Management, University of Mauritius, Mauritius (September-October, 2000). He was Economic Adviser of First Delhi State Finance Commission (1996-97).
Product Details
ISBN: 9788177085020
ISBN-10: 8177085026
Publisher: New Century Publications
Publication Date: December 15th, 2020
Pages: 248
Language: English