Request for consultation

Thanks for your request. You’ll soon be chatting with a consultant to get the answers you need.
Your form is submitting...
{{formPostErrorMessage.message}} [{{formPostErrorMessage.code}}]
First Name is required. 'First Name' must contain at least 0 characters 'First Name' cannot exceed 0 characters Please enter a valid First Name
Last Name is required. 'Last Name' must contain at least 0 characters 'Last Name' cannot exceed 0 characters Please enter a valid Last Name
Email Address is required. 'Email Address' must contain at least 0 characters 'Email Address' cannot exceed 0 characters Please enter a valid Email Address
Institution is required.
Discipline is required.
Country is required.
State is required.
Cengage, at your service! How can we best meet your needs? is required.
Why are you contacting us today? is required. 'Why are you contacting us today?' must contain at least 0 characters 'Why are you contacting us today?' cannot exceed 0 characters Please enter a valid Why are you contacting us today?

Public Finance: A Contemporary Application of Theory to Policy, 12th Edition

David N. Hyman

  • Copyright 2021
  • {{checkPublicationMessage('Published', '2020-06-16T00:00:00+0000')}}
Starting At $84.95 See pricing and ISBN options
Instructor Next Steps
Students: Buy now
Public Finance: A Contemporary Application of Theory to Policy 12th Edition by David N. Hyman
Quick Navigation

Overview

Provide a trusted economics-oriented approach to public finance and public policy with the clear, organized approach in Hyman's PUBLIC FINANCE: A CONTEMPORARY APPLICATION OF THEORY TO POLICY, 12E. Written by respected author and economist David Hyman, this timely edition addresses public issues confronting the United States and other nations throughout the new millennium. This edition offers a balance of expenditure and tax topics coupled with information-driven and analytical tools to help readers understand major government policy and finance issues.

Students initially examine the economic theory of public goods and how to best provide them. The book then presents relevant applications to illustrate key economic points and ensure understanding. Current, real examples engage students, while coverage of today's hot topics sparks lively discussion and debate. This edition highlights national defense and homeland security, pollution rights, Social Security reform, federal tax reform and the Iraq war using the latest government statistics and recent scholarly research. An instructor's website and digital testing resources are also available for your support.

{{readMore['overview'] ? 'Read More' : 'Read Less'}}

Meet the Authors

{{collapseContainerClosed['meet-the-author'] ? 'Show More' : 'Show Less'}}

David N. Hyman

David N. Hyman, professor of economics and alumni distinguished undergraduate professor at North Carolina State University, has taught both undergraduate and graduate courses in public finance for more than 30 years. Dr. Hyman received his Ph.D. in economics from Princeton University. He has held Woodrow Wilson, Earhart and Ford Foundation fellowships and was a Fulbright senior research scholar in Italy. He has served as a visiting research professor at the University of Turin in Italy and as visiting professor of economics at the University of Ferrara in Italy. Dr. Hyman is a member of the Academy of Outstanding Teachers at North Carolina State University and received the Alumni Association Outstanding Teacher Award in 1982 and 1996. In 2006 and 2019, he also received the North Carolina State University Department of Economics College of Management Teaching Excellence Award. In 2010 and 2012, Dr. Hyman was the College of Management recipient of the Board of Governors Award for Excellence in Teaching. He has authored several popular economics texts and has published scholarly articles in the National Tax Journal, Public Choice, Journal of Economic Education and other respected academic journals. In 2005, his PUBLIC FINANCE text was translated into Chinese and published by the Peking University Press. Dr. Hyman served on the President’s Council of Economic Advisers as a consultant and senior staff economist. He has also been a guest scholar at the Brookings Institution and has worked as a government budget analyst and economist for the Board of Governors of the Federal Reserve System and the U.S. Comptroller of the Currency. In addition, Dr. Hyman is a photographer whose palladium and platinum prints are in the Corcoran Legacy Collection at the American University Museum in Washington, D.C. and the Gregg Museum of Art and Design at North Carolina State University.

What's New

{{collapseContainerClosed['whats-new'] ? 'Show More' : 'Show Less'}}
  • THIS EDITION BALANCES COVERAGE OF TODAY'S GOVERNMENT EXPENDITURE AND CURRENT TAX TOPICS. Students develop the informative and analytical tools needed to understand today's government policy and finance.
  • STRONG ORGANIZATION AND CAREFUL EXPLANATIONS CLARIFY EVEN COMPLEX ISSUES. This text is recognized for its clarity, even when presenting today's most complex policy-related issues. This approach, delivered by respected author and economist Dr. David Hyman, is trusted by hundreds of colleges and universities in the United States and throughout the world.
  • CURRENT EXAMPLES AND APPLICATIONS OF GOVERNMENT POLICIES BLEND WITH THIS EDITION'S CAREFULLY DEVELOPED THEORY. Students gain an understanding of the theory behind public policy and public finance as they examine numerous examples drawn from today's government institutions. Students also work with this edition's up-to-date practical applications, designed to illustrate key economic points.
  • UPDATES HIGHLIGHT THE LATEST GOVERNMENT STATISTICS AND TODAY'S MOST RECENT SCHOLARLY RESEARCH. This edition focuses on many of today's most pertinent topics, including issues relating to aging of the population and Social Security as well as the impact of health care reform, government budget deficits and recent changes in income and corporate profit taxation in the United States.
  • NEW COVERAGE EXAMINES THE IMPACT OF THE TAX CUT AND JOBS ACT (TCJA) OF 2017. Students review how the TCJA of 2017 has continued to influence policy and finances. This edition also discussed other relevant tax reform and policy changes and their ongoing impact.

Features

{{collapseContainerClosed['features'] ? 'Show More' : 'Show Less'}}
  • THIS EDITION OFFERS A UNIQUE, INTRIGUING VIEW INTO PUBLIC POLICY TODAY AND IN THE YEARS AHEAD. The author details policy and finance issues that will confront the United States and other nations throughout the new millennium. Students examine key topics related to public finance and taxation, including indifference curve analysis, producer and consumer surplus and tax incidence.
  • PRACTICAL APPROACH PRESENTS CRITICAL CONCEPTS IN THE CONTEXT OF REAL ISSUES OCCURRING RIGHT NOW. Unlike other texts that focus primarily on policy issues, author Dr. Hyman emphasizes the economic theory of public goods and how best to provide them today. He builds in applications to illustrate key economics points and reviews timely topics, such as national defense and homeland security, health care, pollution rights, Social Security reform and federal tax reform.
  • THIS EDITION TAKES A SOLID ECONOMICS-ORIENTED APPROACH TO PUBLIC FINANCE AND PUBLIC POLICY. Students gain a balanced view of both the revenue and expenditure sides of taxes and public goods. This provides a comprehensive understanding of economics affect public policy issues.
  • NUMEROUS CURRENT, REAL EXAMPLES AND ISSUES ENGAGE READERS AND PROMPT DISCUSSION AND DEBATE. Captivating Public Policy Perspectives address current issues in the news and how these issues impact public finance now and in the future. In addition, Global Perspectives boxes compare different taxing and public goods delivery systems, giving students an excellent overview of today's global markets.
  • EFFECTIVE STUDY TOOLS HELP READERS REVIEW MATERIAL AND FOCUS ON KEY CONCEPTS. This edition includes Learning Objectives and Student Checkpoints to ensure comprehension. In addition, Chapter Summaries and Looking Forward sections highlight upcoming topics and Key Concepts strengthen the book's clear organization. Review Questions, End-of-Chapter Problems, Internet Resources and Additional Readings provide additional opportunities to master material and expand readers' understanding.

Table of Contents

{{collapseContainerClosed['table-of-contents'] ? 'Show More' : 'Show Less'}}
PART I: THE ECONOMIC BASIS FOR GOVERNMENT ACTIVITY.
1. Individuals and Government.
2. Efficiency, Markets, and Governments.
3. Externalities and Government Policy.
4. Public Goods.
5. Public Choice and the Political Process.
PART II: GOVERNMENT EXPENDITURES AND POLICY IN THE UNITED STATES: SELECTED ISSUES.
6. Cost-Benefit Analysis and Government Investments.
7. Government Subsidies and Income Support for the Poor.
8. Social Security and Social Insurance.
9. Government and Health Care.
PART III: FINANCING GOVERNMENT EXPENDITURES.
10. Introduction to Government Finance.
11. Taxation, Prices, Efficiency, and the Distribution of Income.
12. Budget Balance and Government Debt.
PART IV: TAXATION: THEORY AND STRUCTURE.
13. The Theory of Income Taxation.
14. Taxation of Personal Income in the United States.
15. Taxation of Corporate Income.
16. Taxes on Consumption and Sales.
17. Taxes on Wealth, Property, and Estates.
PART V: STATE AND LOCAL GOVERNMENT FINANCE.
18. Fiscal Federalism and State and Local Government Finance.
Glossary.
Name Index.
Subject Index.

Compare Buying Options

{{collapseContainerClosed['compare-buying-options'] ? 'Show More' : 'Show Less'}}

Textbook Only Options

Traditional eBook and Print Options

{{collapseContainerClosed['detail_0'] ? 'Show More' : 'Show Less'}}

  • ISBN-10: 0357133013
  • ISBN-13: 9780357133019
  • RETAIL $84.95

  • ISBN-10: 0357442156
  • ISBN-13: 9780357442159
  • RETAIL $274.95
Instructor Next Steps
Students: Buy now