5 Questions
What are the threefold purviews of public finance according to the text?
Allocation of resources, income distribution, and economic stability
According to Jonathan Gruber's framework, what are the two central motivations for government intervention in the economy?
Market failure and redistribution of income and wealth
What does Gruber emphasize as the first central question in assessing public finance?
When should the government intervene in the economy?
What is the focus of the question regarding the effect of government interventions on economic outcomes?
Assessing the empirical direct and indirect effects of specific government intervention
What does the question about why governments choose to intervene in specific ways primarily concern?
The study of political economy and how governments make public policy
Explore the fundamental concepts and principles of public finance, examining the role of the government in the economy, government revenue, expenditure, and its effects on resource allocation, income distribution, and economic stability.
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