In the past twenty years, the field of public finance has undergone a dramatic evolution, with a growing interest in the study of transfer programs and social insurance. The field has also moved from predominantly theoretic approaches to putting more emphasis on high-quality empirical work, both in the traditional areas of tax and direct spending and in the newer areas of transfer programs and social insurance. Jonathan Gruber's Public Finance and Public Policy is the first text to acknowledge those changes. Written specifically with those developments in mind, it brings the realities of contemporary public finance to the classroom in ways no other text can match.
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Book Description
Editorial Reviews
About the Author
JONATHON GRUBER, Massachusetts Institute of Technology, has extensive first-hand research experience in a broad range of topics in health care economics, taxation and redistribution programs. He has taught Contemporary Public Finance at MIT for twelve years and has served as Deputy Assistant Secretary for Economic Policy at the Treasury Department, where he worked on tobacco regulation, child care, higher education, public health insurance, global warming, Social Security reform, and welfare and income distribution policy
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33 of 34 people found the following review helpful:
5.0 out of 5 stars
Textbook highlights contemporary issues and contemporary research,
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This review is from: Public Finance and Public Policy (Hardcover)
An excellent textbook for an upper level course for economics majors. There is a lot of inertia in textbook choice, but I was finally convinced to adopt Gruber's book when I served as the Lecturer for Stanford University's upper-level seminar in Public Economics. The textbook has high production values and of particular note is its timeliness in covering both current policy issues (Social Security Reform, Fundamental Tax Reform, Education, etc.) and current public economics research (Political Economy, Behavioral Economics, Contract Theory, etc). Most textbooks on the market offer a very dated view of Public Economics, especially in terms of current research. The book explains the findings using intuition and graphs, but provides mathematical detail in mathematical supplements for the ambitious reader. The accompanying website also provides impressive PowerPoint slides. The student response to the textbook was uniformly positive.
The only downsides are the hefty price tag, worsened by the limited secondary market, and for those who want a more mathematically rigorous treatment in courses that require calculus and optimization, the included supplements were helpful, but still limited.
1 of 1 people found the following review helpful:
5.0 out of 5 stars
Public Finance and Public Policy,
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This review is from: Public Finance and Public Policy (Hardcover)
I found this book through MIT's Open Courseware, it is an excellent read if you like the textbook style. The author does not seem to be bent on pushing one economic approach and explains the topics in a common sense manner.
1 of 1 people found the following review helpful:
5.0 out of 5 stars
Great book,
By Mark Twain (Clemson) - See all my reviews
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This review is from: Public Finance and Public Policy (Hardcover)
I used this to teach a class. Not many decent public finance/public economics books out there, but this one did the trick for an undergraduate class.
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