Public Finance

 

  1. Normative Approach to Public Finance

    The Economic Basis for Government Activity; Argument for Equality Between

    Marginal Social Benefit and Marginal Social Cost

  2. The Theory of Optimum Budget

    Formulation of an Optimum Budget  Allocation, Distribution and Stabilization.

    Incidence of Budget Policy

  3. Principles of Taxation and Government Expenditure

    Benefit Approach, Ability To Pay Principle

    Progressive Taxation  Equality Theory, Surplus-Income Theory, and Socio-Political Theory

  4. Developments in Public Goods Theory

    The Lindahl Model of Pareto Optimality; Public Goods and the Free-Riding Problem.

  5. Commodity Taxation Output and Price Effects

    Theory of Tax Incidence

  6. Excess Burden of Taxes

    Taxation, Government Expenditure, and Work Efforts; Taxation, Government Expenditure and Savings; Taxation, Government Expenditure, Investment and Risk-Bearing; Taxation and Capital Gains

  7. The Burden and Management of Public Debt

    Ricardo-Pigou Thesis; Buchanan Thesis; Musgrave Thesis of Inter-generation Equity.

    General Techniques of Debt Management; Anti-Cyclical Debt Management.

  8. Fiscal Policy in Underdeveloped CountriesThe Union-State Fiscal Relations in India

    A Look Into The Indian Tax System

 

 

References:

 

1. Musgrave, R.A, and P.B.Musgrave: Public Finance in Theory and Practice, McGraw-Hill, New York,

 

(1976)

 

2. Due, J.F. and A.F. Friedlander: Government Finance, Irwin, Homewood, Illionois, (1973)

 

3. David N. Hyman: Public Finance: A Contemporary Application of Theory to Policy,

 

SouthWestern Press, (2010)

 

4. Jha, R: Modern Theory of Public Finance, Wiley Eastern Ltd., (1987)

 

5.Eckstein O: Public Finance, New Delhi: Prentice Hall, (1987)

 

6. Prest, A. R: Public Finance in Developing Countries, London: Weidenfeld& Nicolson, (1985)