This is a wide-ranging, up-to-date and detailed account of all aspects of public economics. It covers topics from the theory of public expenditure to fiscal federalism.

This wide-ranging, up-to-date and detailed account of all aspects of public economics covers topics as varied as: * classical theorems of welfare economics * the theory of public expenditure * the effects of taxation on savings, labour supply investment and risk-taking * commodity, income and expenditure taxation * public sector and cost-benefit analysis * fiscal federalism. Written by Raghbendra Jha, an author with an established reputation, this book fills the gap in literature on this topic and will be a valuable reference for undergraduates in the fields of economics and public finance.

'This is a significant book. I am confident that it will rapidly gain pole position for advanced undergraduates and postgraduates.' - Professor P M Jackson, University of Leicester'Professor Jha's Modern Public Economics is one of those rare feats - an accessible, wide-ranging and marvellously organized survey of the field for intermediate students and a precise down-to-earth manual for practioners.' - Prof. Edmund S. Phelps, Columbia University 'This is a clear, concise and well-written book on public economics - one of the best public economics textbooks I have read. The discussion of theoretical concepts in public economics is lucid and uncluttered; in his usual style, Professor Jha uses plenty of diagrams and intuition to complement the mathematical derivations. The inclusion of topics that are particularly germane to developing countries, such as taxation in an economy with a large informal sector and fiscal federalism, will make this a very appealing textbook in public economics for readers from developing countries. A very large section of the book is devoted to applied problems in public economics, including timely topics such as global public goods and the use of randomized evaluations in benefit-cost analysis. All in all, this is a must-read book for students and researchers interested in applied public economics and public policy, especially as it relates to developing countries.' -Professor Anil B. Deolalikar, University of California Riverside