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Hillman presents a political-economy perspective on public finance, integrating traditional topics with behavioral economics and public-choice theory. The second edition has been rewritten and restructured for greater clarity, presenting: Government roles and limitations, including public goods, externalities, and voting-related policy design Political economy challenges, such as bureaucratic incentives, rent-seeking, and principal-agent problems Behavioral factors like fairness, envy, and hyperbolic discounting influencing public policy Balancing efficiency and equity in taxation, entitlements, and redistribution policies

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245: $a: Public Finance and Public Policy (2nd Edition)
245: $b: Responsibilities and Limitations of Government
082: $a:
100: $a: Arye L. Hillman
650: $a: Economics
250: $a:
440: $v:
250: $b: Cambridge University Press
250: $c: 2009
020: $a: 978‑0521738057
300: $a: 859