Handbook of Public Sector Economics (Public Administration and Public Policy)

The Handbook of Public Sector Economics builds an understanding of the role of public economics in public administration, public policy, and decision making. The handbook introduces a wide variety of current issues related to the public provision and production of goods and services. The volume documents the history of economics and fiscal doctrine, explores the theory of public goods and the structures from which resources are collected and expanded, and analyzes heavily debated issues of economics that are important to current and future practitioners of public policy and administration. It focuses on the effects of fiscal policy on savings and investment, consumer behavior, labor supply, wealth, property, and trade. Written in a simple and straightforward style, the initial chapters establish the foundation of public economics, with the subsequent chapters addressing the collection and distribution of government resources and market reactions to fiscal policies. Robbins (public and nonprofit administration, Grand Valley State U.) presents 17 contributions meant to serve as an introduction to public economics and its role in public administration, policy, and decision- making. Introductory chapters cover the evolution of economics, basic economics of fiscal decentralization, market dynamics within the realm The above story about John Maynard Keynes' encounter with Max Planck has been told so often one wonders whether it is apocryphal. Keynes' biographer, however, confirms that Keynes did in fact tell this story in his obituary of another great economist, his mentor, Alfred Marshall.