This book covers all the topics usually found on an undergraduate public Finance course. Preface and Acknowledgements, Market Possibilities and Prescriptions, Evaluating Public Finance policy: Consumer Surplus and Welfare Criteria and Market Failure, Public Goods, Collective Decision-Making: Searching for the ''Public Good'', Evaluation of Public Expenditure: Cost-Benefit Analysis, Tax Theory: The Basic Concepts, Tax Evasion and the Black Economy, Income (Re)Distribution, Fiscal Aspects of Macroeconomic Theories, Local Government, Central Government, International Issues in Public Finance, Public Failure and Public Expenditure Growth, Private Reaction to Public Action: Sector Interdependence, ''Normative'' Optimal Taxation, ''Positive'' Optimal Taxation, The ''Traditional'' versus the Public Choice Approach: Public Finance Analysis and the Policy-Makers, Author and Subject Index.