Economics (McConnell), 18th Edition

Chapter 17: Public Choice Theory and the Economics of Taxation

IN THIS CHAPTER YOU WILL LEARN:

1. The difficulties of conveying economic preferences through majority voting.



2. About "government failure" and why it occurs.



3. The different tax philosophies and ways to distribute a nation's tax burden.



4. The principles relating to tax shifting, tax incidence, and efficiency losses from taxes.