on 5 September 2011
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.