Public Finance Theory And Practice 5th Edition by Richard Abel Musgrave (Author)

Publisher: Accounting & Finance

Availability: In Stock
SKU: 02275
Number of Pages: 630

Rs.400.00

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Description
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Description

"Public Finance Theory & Practice 5th Edition" by Richard Abel Musgrave and Peggy B. Musgrave is a seminal text that bridges the gap between theoretical concepts and practical applications in public finance. This comprehensive edition covers a wide array of topics including the role of government in the economy, public expenditure, taxation, fiscal policy, and public debt. The authors integrate economic theory with real-world fiscal practices, providing readers with a deep understanding of how public finance principles are applied to solve economic problems. The text is an essential resource for students, educators, and professionals seeking to understand the intricacies of public finance.

Key Points

Role of Government in the Economy
- Explores the theoretical foundations of government intervention in the economy and the rationale behind public sector activities.
Public Expenditure
- Detailed analysis of government spending patterns, efficiency in resource allocation, and the impact on economic growth.
Taxation
- Examination of various taxation principles, types of taxes, and their effects on both revenue generation and economic behavior.
Fiscal Policy
- Insights into the formulation and implementation of fiscal policies aimed at achieving economic stability and growth.
Public Debt
- Discussion on the implications of public borrowing, debt management strategies, and the long-term effects on the economy.

Conclusion

"Public Finance Theory & Practice 5th Edition" by Richard Abel Musgrave and Peggy B. Musgrave is a critical resource that provides a thorough understanding of both the theoretical and practical aspects of public finance. The book's integration of theory with practical examples equips readers with the knowledge needed to navigate and address contemporary fiscal challenges effectively. This edition remains an invaluable reference for anyone engaged in the study or practice of public finance.

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Writer ✤
Richard Abel Musgrave (Author), Peggy B. Muscrave (Author)

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