Public Finance book cover

Public Finance

A Normative Theory

The welfare aspects of public economics will receive extensively renewed examination in this Third Edition.  With four new chapters and other significant revisions, it will present detailed and comprehensive coverage of theoretical literature, empirical work, environmental issues, social insurance, behavioral economics, and international tax issues.  With increased emphasis on the European Union, it will be rigid enough for use by Ph.D.'s while being accessible to student less well trained in math.  Public Finance remains the premier textbook on the normative theory of government policy, with the Third Edition propelling into the 21st century its examination of what government ought to be doing instead of what it is doing.

Advanced undergraduate and graduate students studying public finance and public economics, and more broadly welfare economics.

Hardbound, 900 Pages

Published: November 2014

Imprint: Academic Press

ISBN: 978-0-12-415834-4


  • "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, Princeton University, USA


  • Part I: Introduction: The Content and Methodology of Public Sector Theory - 3 chapters

    Part II: The Theory of Public Expenditures and Taxation-First-Best Analysis - 8 chapters

    Part III: The Theory of Public Expenditures and Taxation: Second-Best Analysis - 14 chapters 

    Part IV: Fiscal Federalism and International Public Finance - 4 chapters


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