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Home Principles of Public Finance


Principles of Public Finance:


Public Finance:


Public finance, according to the traditional definition of the subject, is that branch of Economics which deals with, the income and expenditure of a government. In the words of Adam Smith: Continue reading.


Public Finance Versus Private Finance:


Public finance is different from private finance. Findlay Shiraz in his famous book 'Principles of Public Finance' has listed the following points of difference between government finance and private finance. Continue reading.


Public Expenditure:


The classical economists did not attach much importance to public expenditure. They advocated the policy of laissez-faire. They held the view that government expenditure were apt to be wasteful. They firmly believed that if money was left in the private hands, it could bring better returns. Continue reading.


Principles of Public Expenditure:


The government expenditure should be incurred in such a way that it should give benefit to the community as a whole. The aim of the public expenditure is the provision of maximum social advantage. Continue reading.


Public Expenditure and National Income:


Public expenditure exercises a far-reaching influence upon the national economy of a country. Its economic effects can be viewed from two points: Continue reading.


Role of State in Economic Activity:


The role of the state in economic affairs is a complex and controversial topic. The political thinkers are divided about the extent and mode of state interference in economic activity. Continue reading.


Functions of Modern State:


The activities undertaken by the modern state are complex and varied. This is due to the fact that there is a strong demand by the people for active state intervention in the social and economic affairs of the country. Continue reading.




Principles and Theories of Micro Economics
Definition and Explanation of Economics
Theory of Consumer Behavior
Indifference Curve Analysis of Consumer's Equilibrium
Theory of Demand
Theory of Supply
Elasticity of Demand
Elasticity of Supply
Equilibrium of Demand and Supply
Economic Resources
Scale of Production
Laws of Returns
Production Function
Cost Analysis
Various Revenue Concepts
Price and output Determination Under Perfect Competition
Price and Output Determination Under Monopoly
Price and Output Determination Under Monopolistic/Imperfect Competition
Theory of Factor Pricing OR Theory of Distribution
Principles and Theories of Macro Economics
National Income and Its Measurement
Principles of Public Finance
Public Revenue and Taxation
National Debt and Income Determination
Fiscal Policy
Determinants of the Level of National Income and Employment
Determination of National Income
Theories of Employment
Theory of International Trade
Balance of Payments
Commercial Policy
Development and Planning Economics
Introduction to Development Economics
Features of Developing Countries
Economic Development and Economic Growth
Theories of Under Development
Theories of Economic Growth
Agriculture and Economic Development
Monetary Economics and Public Finance
History of Money


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