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"State and Local Public Finance provides a comprehensive and sophisticated analysis of state and local government public finance practices and issues, using the basic tools of economics. This fifth edition maintains its focus on key local services such as education, health care, and transportation and brings in new coverage of land use and housing, applications from behavioral economics, and more international comparisons.This textbook provides an examination and analysis of public finance practices and problems in a federal fiscal system, focusing on the fiscal behavior and policies of state and local governments. Modern economic theory is applied to examine the way key institutions are used to produce and finance services and to provide evaluation of alternative policies.This stalwart text will continue to be invaluable reading for those who study public finance, local government finance, urban economics, public policy, and public administration."

"Capturing the many ... changes taking place in the state and local government arenas, this book not only helps you understand structure, process, and policy, but also shows why your knowledge of state and local government is so important to your success as a professional and a private citizen. [The authors] help you get to know the players--the political parties, interest groups, media, state political systems, communities, business organizations, civic clubs, religious congregations--and how they interact to produce policy. Along the way, you'll discover how this policy making at the state and local levels affects your life--both personally and professionally--at nearly every turn."

"This volume examines the major trends in public finance in developed capitalist countries since the oil crisis of 1973. That year's oil shock quickly became an economic crisis, putting an end to a period of very high growth rates and an era of easy finance. Tax protests and growing welfare costs often led to rising debt levels. The change to floating exchange rates put more power in the hand of markets, which corresponded with a growing influence of neo-liberal thinking. These developments placed state finances under considerable pressure, and leading scholars here examine how the wealthiest OECD countries responded to these challenges and the consequences for the distribution of wealth between the rich and the poor. As the case studies here make clear, there was no simple 'race to the bottom' in taxation and welfare spending: different countries opted for different solutions that reflected their political and economic structures."