This is the first collection of readings in the economics of state and local public finance in almost thirty years. The scope of the thirty pieces is broad, including both classic and current articles. The articles fall into three broad categories: public choice and fiscal federalism, revenue sources and the fiscal condition of cities.
The book is an excellent resource for undergraduate economics courses in which state and local public finance comprises a substantial part of the syllabus, and for graduate courses in state and local public finance in public policy programs, planning and public administration. The collection is also valuable to anyone who needs to understand the theory and practice of public finance, including policy analysts, planners, public administrators, and financial market analysts.Table of Contents:.
Part I: Public Choice and Fiscal Federalism (Fisher's Part 2):.
1.1 Buchanan, James M., 'Public Finance and Public Choice,' National Tax Journal, Vol.28, Dec., 1975, pp.383-94.
1.2 Tiebout, Charles M., 'A Pure Theory of Local Expenditures,' Journal of Political Economy, Vol. 64, Feb., 1956, pp. 416-24.
1.3 Musgrave, Richard A. and Peggy B. Musgrave, 'Principals of Multiunit Finance,' Chap 27 in Public Finance in Theory and Practice, 5th ed. New York: McGraw Hill, 1989, pp. 445-56.
1.4 Buchanan, James M., 'Who Should Distribute What in a Federal System?' Hochman and Peterson, eds., Redistibution Through Public Choice. New York: Columbia University Press, 1974, pp. 22-42.
1.5 Gramlich, Edward M., 'The Economics of Fiscal Federalism and Its Reform,' in Swartz and Peck, eds., The Changing Face of Fiscal Federalism. New York: M. E. Sharpe, Inc., 1990, pp. 152-174.
Part II: Revenues for State and Local Governments (Fisher's Part 3): .
2.1 Smith, Adam, 'Of Taxes,' l3(