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Economics of the Public Sector Hardcover – 29 Feb 2000

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Product details

  • Hardcover: 848 pages
  • Publisher: W. W. Norton & Company; 3rd Revised edition edition (29 Feb. 2000)
  • Language: English
  • ISBN-10: 0393966518
  • ISBN-13: 978-0393966510
  • Product Dimensions: 20.1 x 3.3 x 24.4 cm
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Bestsellers Rank: 292,949 in Books (See Top 100 in Books)

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Product Description

About the Author

Joseph E. Stiglitz received his PhD from MIT in 1967, became a full professor at Yale in 1970, and was awarded the John Bates Clark Award in 1979, which is given biennially by the American Economic Association to an economist under 40 who has made the most significant contribution to the field. He has taught at Princeton, Stanford, and MIT, and was the Drummond Professor and a fellow of All Souls College, Oxford. He is now a professor at Columbia University and co-chair of Columbia University's Committee on Global Thought. He is also the co-founder and co-president of the Initiative for Policy Dialogue at Columbia. In 2001, he was awarded the Nobel Prize in economics for his analyses of markets with asymmetric information, and was a lead author of the 1995 Report of the Intergovernmental Panel on Climate Change, which shared the 2007 Nobel Peace Prize. In 2011, Time named Professor Stiglitz one of the 100 most influential people in the world. Professor Stiglitz was a member of the Council of Economic Advisers from 1993-95, during the Clinton administration, and served as its chairman from 1995-97. He then became chief economist and senior vice president of the World Bank from 1997-2000. In 2008, he was asked by the French President Nicolas Sarkozy to chair the Commission on the Measurement of Economic Performance and Social Progress, which released its final report in September 2009. In 2009, he was appointed by the President of the United Nations General Assembly as chair of the Commission of Experts on Reform of the International Financial and Monetary System, which also released its report in September 2009. Professor Stiglitz helped create a new branch of economics-The Economics of Information-exploring the consequences of information asymmetries and pioneering such pivotal concepts as adverse selection and moral hazard, which have now become standard tools not only for theorists but also for policy analysts. He has made major contributions to the theories of welfare economics and of income and wealth distribution, and his work has helped explain the circumstances in which markets do not work well and how selective government intervention can improve market performance. Recognized around the world as a leading economic educator, Professor Stiglitz has written books that have been translated into more than a dozen languages. He also founded one of the leading economics journals, The Journal of Economic Perspectives. His book, Globalization and Its Discontents (Norton, 2001), has been translated into 35 languages and has sold more than a million copies worldwide. Other recent books include The Roaring Nineties (Norton); Towards a New Paradigm in Monetary Economics (Cambridge University Press), with Bruce Greenwald; Fair Trade for All (Oxford University Press), with Andrew Charlton; Making Globalization Work (Norton and Penguin/ Allen Lane, 2006); The Three Trillion Dollar War: The True Cost of the Iraq Conflict (Norton and Penguin/ Allen Lane, 2008), with Linda Bilmes at Harvard University; Freefall: America, Free Markets, and the Sinking of the World Economy (Norton and Penguin/ Allen Lane, 2010); and The Price of Inequality: How Today's Divided Society Endangers Our Future (Norton and Penguin/ Allen Lane, 2012).

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Most Helpful Customer Reviews

6 of 7 people found the following review helpful By A Customer on 28 Sept. 2001
Format: Hardcover
The book offers an intermediate approach to the main topics of public finance, keeping a concise but effective style. However the book sometimes lacks of mathematical proofs and is probably too centred on American datas.
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0 of 1 people found the following review helpful By I. H. Roblin on 5 Sept. 2011
Format: Hardcover Verified Purchase
It is so refreshing to find a text, written by a Nobel Laureate, that is rigorous, but also stimulating and comprehensible.

The writing style is so neat and it follows a logical structure throughout eg definitions and objectives of the public sector, factual analysis of the US public sector, market efficiency, equity etc.

The mathematical input is minimal, but then it serves as an introduction to an otherwise dry specialism within Economics. Indifference curves are used, where applicable, and the text contains references to real-life public sector scenarios.

Highly recommended.
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1 of 3 people found the following review helpful By PeterKaarre on 25 Feb. 2011
Format: Hardcover
Well written, easy to understand - very basic economics with almost no mathematical explanations. Go for it, definitely worth reading.
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Most Helpful Customer Reviews on Amazon.com (beta)

Amazon.com: 9 reviews
2 of 2 people found the following review helpful
Top notch Textbook 19 Jun. 2012
By Alex - Published on Amazon.com
Format: Hardcover Verified Purchase
Stiglitz is one of those rare economists who has a great research record and writes extremely well. This book is a very good guide to Public Economics, both for the beginner and more advanced student. The amount of material in it is incredible and my class only got through about half of it. The sections on tax policy are especially enlightening.
8 of 11 people found the following review helpful
Excessively intuitive. But any way, he`s a Nobel Price 2 April 2006
By Ricardo A. Hellmers - Published on Amazon.com
Format: Hardcover
Although I deeply respect J. Stiglitz, I prefer H. Rosen`s Public Finance. I found it more effective to learn this subject due to the deeper treatment of the models and theories.

The only aspect I would recommend it for is because it has Stiglitz wider view of the global tendencies intrinsically in some ways.
You'll lear a lot, but it's old information. 23 Nov. 2013
By patrick j schaus - Published on Amazon.com
Format: Hardcover Verified Purchase
It's easy to read, and you'll learn a lot from reading it. I took a star off because the material is outdated. I would get a newer version, but it was required by my professor. Therefore it doesn't take into account the recent depression and our current recovery from it. My professor is probably right in saying that no current text will accurately depict what has happened and why it has happened yet.
Reduce the cost of the book 17 Oct. 2013
By Stacey Rigley - Published on Amazon.com
Format: Hardcover Verified Purchase
I rented the book because I needed it for class. The book made information more clear to understand. The only thing that i would say I didn't like was that I couldn't buy the book for future use, due to how much it cost and I had other books to get.
6 of 10 people found the following review helpful
Review of Public Sector Economics by J. Stiglitz 28 Nov. 2002
By L. Robert McConnell, DPA - Published on Amazon.com
Format: Hardcover
Excessive use of graphs and charts which are very difficult to follow. Some chapters read easily, others very difficult to understand. Would be better if it had a complementary teacher's guide. LRM
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