Principles of Public Finance

<p><em>'Dalton has succeeded in expressing general economic concepts in simple language'</em> The Economist. <br><br>The 1971 edition of this famous textbook includes recent material to the general survey on the theory of taxation, other forms of public revenue, public expenditure and public debts. There are chapters on modern theories of budgetary policy and the controversial cheap money policy, pursued by the author when he was in charge of the British Treasury from 1945-1947.</p> PART ONE 1. The Nature of Public Finance and the Main Division of the Subject 2. The Principle of Maximum Social Advantage 3. Public Finance and Private Finance PART TWO 4. Sources of Public Income 5. Taxation and Some Distinctions Between Taxes 6. Some Characteristics of a Good Tax System 7. Incidence of Taxation 8. Incidence of Taxation (Continued) 9. Distribution of the Burden of Taxation from the Point of View of Equity 10. Effects of Taxation on Production 11. Effects of Taxation on Distribution 12. Some other Effects of Taxation 13. The Tax System from the Point of View of Economy 14. Income from Public Property and Public Enterprises 15. Income from the Public Printing Press PART THREE 16. Objects and Classification of Public Expenditure 17. Grants and Purchase Prices 18. Effects of Public Expenditure on Production 19. Effects of Public Expenditure on Distribution 20. Some Other Effects of Public Expenditure PART FOUR 21. General Characteristics of Public Debts 22. Burden of Public Debts 23. Repayment of Public Debts 24. Rate of Interest on Public Debts 25. Inter-Governmental Debts PART FIVE 26. Balancing the Budget 27. The Budget Balancing the Whole 28. At the British Treasury