"This volume offers a detailed introduction to theoretical work on many of the core issues in contemporary public economics. Careful and comprehensive, it will provide readers with an ideal springboard to further research." --James M. Poterba, Mitsui Professor of Economics, Massachusetts Institute of Technology "This is the book teachers of public finance have been waiting for. It is outstanding in the breadth of its coverage, in the quality of exposition, and in the balance between theory and policy. It is especially good at melding newer approaches to the normative study of the public sector with traditional ones." --Robin Boadway, Queen's University in Kingston, Ontario, Canada "This clear and comprehensive text will be a valuable resource for both students and faculty." --Peter Diamond, Massachusetts Institute of Technology "I have hoped for years that Richard Tresch would revise his Public Finance text. This volume is well worth the wait. It is comprehensive, up-to-date, and very clearly written. It is a natural reading for a graduate course in public finance. It will also serve as a fine reference for specialists in the field." --Harvey Rosen, Department of Economics, Princeton University "The second edition of Public Finance: A Normative Theory contains the unified and systematic treatment of the field that for many years made the first edition a favorite among graduate students. The revisions only improve the text, including a new chapter on taxation under asymmetric information. Any student or professor with an interest in the normative side of public economics will want to own this book." --John D. Wilson, Michigan State University "The arrival of the Second Edition of Dick Tresch's Public Finance is simply the best of news for students of public finance. The first edition never left my reading list because it taught more about how to do policy analysis than any other book; it was chock-full of tips and techniques. The second edition is even stronger--I am particularly fond of the new chapter about using the social welfare function in policy analysis. Students benefit not only from a cohesive introduction to normative policy analysis, and a tutorial in developing modeling skills for their applications, but also from the enhanced bibliography." --Douglas J. Holtz-Eakin, Syracuse University Featuring a general equilibrium framework that is both cohesive and versatile, the second edition of Public Finance: A Normative Theory brings new and updated information to this classic text. Through its concentration on the microeconomic theory of the public sector, it addresses the subjects traditionally at the heart of public sector economics, including public expenditure theory and policy, tax theory and policy, cost benefit-analysis, and fiscal federalism. Its goal of providing a foundation for public sector analysis along with presenting the most recent scholarship makes this second edition both a valuable text and a resource for professionals.Tresch, Richard W. is the author of 'Public Finance A Normative Theory', published 2002 under ISBN 9780126990515 and ISBN 0126990514.