Institutional Foundations of Public Finance

Dealing with fiscal language, fiscal federalism, corporate finance, and the choice between income and consumption taxation, this volume is a gem. -- Rosanne Altshuler, Rutgers University An easily accessible, first-rate introduction to the big issues in tax policy. -- Joseph Bankman, Stanford Law School

Auerbach integrates economic and legal perspectives on taxation and fiscal policy, offering a provocative assessment of the most important issues in public finance today.

Institutional Foundations of Public Finance integrates economic and legal perspectives on taxation and fiscal policy, offering a provocative assessment of the most important issues in public finance today.

Part I, an in-depth look at the tax reform debate, examines the differences between an income and a consumption tax and poses significant questions about the systematic transition from one to the other, as well as about its implementation. Part II takes a focused look at a broad range of fiscal topics, including fiscal federalism, corporate finance, and fiscal language. As a whole, the volume reflects a keen interest in analyzing real-world problems, including fiscal regimes and institutions, that have major policy implications.