Introduction: Public Economics 1–1 Introduction Welfare Economics and Government Intervention View of the State Guide to the Lectures Theoretical Framework Features of the Analysis Note: the Public Sector—statistical Background Size of the Public Sector

    Abstract

    These Lectures are concerned with the economics of the public sector. We are all constantly affected by the economic decisions of the government. This is most no­ ticeable in the taxes we pay. Income tax, sales taxes, local taxes, and social security contributions account for a substantial proportion of our income. Owners of capital are affected by taxes on… (More)

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