The Economics of Public Spending

Paperback | March 1, 2003

EditorDavid Miles, Gareth Myles, Ian Preston

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The Economics of Public Spending investigates the extent of government involvement in the economy, details its rational, and traces its historical record. The book unites articles previously published in Fiscal Studies, each one addressing a different area of expenditure and written by aneconomist specializing in that field. They describe both the data on public expenditure and the theory relevant to understanding the policy issues. A new introduction investigates the overall role of the public sector and discusses the general theory of public expenditure.In providing a detailed analysis of public expenditure, the book makes an important contribution to the economics literature. There are no other texts with this breadth of coverage or depth of analysis. Insights are provided into both the policy issues, cross-country comparisons of expenditure, andalternative approaches to economic analysis. The chapters apply the tools of orthodox public finance, public choice, modern public economics, and game theory to reach a range of policy proposals and conclusions. These demonstrate the range and potential of economic analysis when applied to theseimportant issues.

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The Economics of Public Spending investigates the extent of government involvement in the economy, details its rational, and traces its historical record. The book unites articles previously published in Fiscal Studies, each one addressing a different area of expenditure and written by aneconomist specializing in that field. They descr...

David Miles is Professor of Finance at Imperial College, University of London. He is also an economic consultant to Merrill Lynch. He specializes in research on financial markets. Miles worked for the Bank of England for several years after graduating from Oxford. After a spell in the economics department at Birkbeck College, he was C...

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Format:PaperbackDimensions:428 pages, 9.21 × 6.14 × 0.85 inPublished:March 1, 2003Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199260338

ISBN - 13:9780199260331

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Table of Contents

1. David Miles, Gareth Myles, and Ian Preston: Introduction2. James Banks and Carl Emmerson: Public and Private Pension Spending: Principles, Practice and the Need for Reform3. Carol Propper: Expenditure on Healthcare in the UK: A Review of the Issues4. Jayasri Dutta, James Sefton, and Martin Weale: Education and Public Policy5. Bruce D. Meyer: Unemployment and Workers' Compensation Programmes: Rationale, Design, Labour Supply, and Income Support6. Ann Dryden Witte and Robert Witt: What We Spend and What We Get: Public and Private Provision of Crime Prevention and Criminal Justice7. Todd Sandler and James C. Murdoch: On Sharing NATO Defence Burdens in the 1990s and Beyond8. David Pearce and Charles Palmer: Public and Private Spending for Environmental Protection: A Cross-Country Policy Analysis9. Clifford Winston: Government Failure in Urban Transportation10. Alan Peacock: Public Financing of the Arts in England11. Paul Stoneman: Government Spending on Research and Development in the UK