Reviews for Public expenditure economics

The average rating for Public expenditure economics based on 2 reviews is 4.5 stars.

Review # 1 was written on 2017-06-11 00:00:00 Jeffrie Webster Comprehensive and clear overview of public choice and an essential reference for anyone interested in politics.

Review # 2 was written on 2015-02-26 00:00:00 Jenny Cassen This was very hard to read. Not because of the size (although there are the 700-odd pages to go through), not because of the mathematics and not because of the style of the author (which could be better). It was mostly because the implications of what you read need time to be thought out. Two simple examples for that are Condorcet's and Arrow's theorems. The book is mostly an overview of all the literature on the topic of public choice - e.g. politics and economics of making decisions with voting. It contains some very good chapters on voting systems, on structures, on basic game theory. The bad part is that the book contains too much theories which somewhat don't deserve the name and concern spherical horses in vacuum. The rational, maximizing economical subject that's used too much is practically not found in the real world, and although it helps for some models, you should always keep in mind that the real world is extremely complex, and a lot of the models don't do it any justice.