Public Finance

Public Finance state Richard Musgrave and PeggyMusgrave, “in both theory and practice, do not stand still.” Developments in both theory and fiscal institutions take place and this process is a continuing one. As such, we felt the need to revise our present book.

In the first chapter, we have tried to briefly add the contours of new Public Finance to which a large number of eminent economics have contributed, including the Nobel laureates in economics.

The Whole book has been revised & updated and following new chapters have been added :

Public Finance Book Contents

1. Meaning and Scope of Public Finance
2. Public Goods and Private Goods
3. Principle of Maximum Social Advantage
4. Government Budget: Definition, Evolution, Theory, Classification, and Innovation
5. Deficit Financing
6. Taxable Capacity
7. Public Expenditure: Meaning, Nature, and Causes of Increase
8. Canons and Classification of Public Expenditure
9. Effects of Public Expenditure on Production, Distribution and Economic Stability
10. Sources of Public Revenue
11. Classification of Tax Revenue: Direct and Indirect Taxes
12. Progressive, Proportional and Regressive Taxes
13. Shifting and Incidence of Taxation
14. Shifting and Incidence of Commodity Taxes
15. Different Forms of Taxes
16. Value Added Tax (VAT) and Goods and Services Tax (GST)
17. Effects of Tax on Production and Distribution
18. Problems of Justice in Taxation
19. Public Debt: General Consideration
20. Methods of Redemption of Public Debt
21. Indian Federal Finance Under the Constitution
22. Indian Finance Commission
23. Review of The Indian Tax System
24. Budgetary Procedure and Financial Control in India
25. Review of India’s Public Expenditure: Central and States
26. Public Debt of India
27. Goods and Service Tax – GST