Public finance: a normative approach/ Subrata Ganguly

Includes appendix and index

Normative approach to Public finance -- the theory of Optimum Budget -- Principles of Taxation and Government Expenditure -- The Pure theory of Public Expenditure -- Excess Burden of Taxes -- Taxation, Government Expenditure and Work Efforts -- Taxation, Government Expenditure and Savings -- Taxation, Government Expenditure Investment and Risk- bearing -- On the Incidence of Budget Policy -- A case of Expenditure Tax -- Taxation of Capital Gains -- Taxation of Property -- Commodity Taxes- Output and Price Efforts -- Alternative fiscal Policies for Full Employment -- Compensatory fiscal Policy -- Anti- inflationary Fiscal Policy -- Ends and Means of Fiscal Policy -- Fiscal Policy in the context of Growth -- The Burden of Public Debt -- the Management of Public Debt -- Fiscal Policy in Underdeveloped Countries -- Federal finance

The book starts with a discussion of the peculiar nature of the social goods i.e., the goods provided through the budget and it is shown that the peculiarity of the goods consists in their having no markets. It is this peculiarity of the social goods namely, the absence of markets, which distinguishes such goods from the absence of markets, which distinguishes such goods from the private goods i.e., the goods provided through the market, and brings in certain special problems for the government in the allocation branch of the budget, not to be found in case of the goods supplied by the private agencies. It is against this background that the principles of taxation and government expenditure have been considered which has been followed by a discussion of the incentive and equity effects of different types of taxes and government expenditures and of the recent theory o differential incidence o budget policy in a general equilibrium setting. Thereafter the principles of some important individual taxes have been considered from the point of view of equity and economic efficiency. The Remaining portion of the book discusses the issue of fiscal techniques in the context of stabilization policy and economic growth.
The subtitle of the book indicates its scope.