Public Economics (7th Edition)

Description:

Understand the complexities of the South African “purse” with the 7th Edition of Public Economics. This textbook is essential for anyone wanting to master the intersection of economic theory and public policy. It explains the role of the state in the economy, making difficult concepts like market failure, fiscal policy, and tax equity “easy” to understand within our local context.

Why the 7th Edition is a Student “Must-Have”:

• Local Policy Focus: Analyzes South African fiscal policy, including the challenges of debt, inequality, and the funding of state-owned enterprises (SOEs).

• Updated Theoretical Frameworks: Incorporates modern views on public choice theory and the efficiency of the public sector.

• Taxation Expertise: Provides a detailed look at the South African tax system, including VAT, personal income tax, and corporate tax principles.

• Global vs. Local: Balances international economic theories with the practical realities of a developing economy like South Africa’s.

Key Topics Covered:

• The role of the government in a market economy.

• Market failure and public goods (Externalities).

• Public choice and the behavior of the “Political Actor.”

• Public expenditure growth and the financing of the state.

• The principles of a “Good Tax System” (Equity, Efficiency, and Simplicity).

• Fiscal policy and the South African National Budget.

Key Specifications:

• ISBN-13: 9780190723187

• Authors: E. Calitz, T. Steenkamp, and K. Siebrits

• Publisher: Oxford University Press South Africa

• Edition: 7th Edition (Latest)

• Format: Physical Paperback