Available:*
Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
|---|---|---|---|---|---|
Searching... | 30000000146930 | NA3340 H37 1988 | Open Access Book | Book | Searching... |
On Order
Summary
Summary
The effects of a government's budget on society and the political economy are of considerable concern to economists as well as to consumers and taxpayers. The original contributions in this book analyze all of the budget's components expenditures, revenues, the deficit - with a special emphasis on issues that have assumed increasing importance over the last decade or so, such as intergenerational transfers of debt and declines in corporate tax revenues. Chapters deal with both microeconomic and macroeconomic aspects of the effects of budgets, and demonstrate how budgetary policies affect inflation, efficiency, the balance of payments, exchange rates, and the decision-making process. The contributions are grouped into five sections. The first covers the revenue side of the budget - taxation policy and its interaction with emigration, corporate tax revenues, personal income taxes, and fiscal policies. The second takes up intergenerational transfers, consumption decisions, and Ricardian equivalence and neutrality. Budget deficits and optimal policies, inflation and its relationship to budget deficits are examined in parts three and four. The book concludes by looking at stabilization in open economies, and includes treatments of the consequences of balance-of-payments crises, exchange rate management under uncertainty, and foreign exchange operations.
Reviews 1
Library Journal Review
For centuries what Hersey calls the ``bloodless conventions'' of proportion and propriety have governed our understanding of the classical language of architecturethe ``Orders'' of columns, capitals, and related ornament. Hersey significantly redefines the meaning of this tradition along Nietszchean lines, emphasizing its latent mythological, ritualistic, and sacrificial content. Rationalistic etiology, scientific philology, and reiterative formalism are Hersey's enemies; a savage will to expose the fatuousness of academic conventionand a thorough knowledge of that conventionare his weapons in this rarefied work aimed at cognoscenti of classical architecture, culture, and language. Peter Kaufman, Suffolk Community Coll. Libs., Selden, N.Y. (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.
