Public finance is the study of the role of the government in the economy.
The purview of public finance is considered to be threefold: governmental effects on (1) efficient allocation of resources, (2) distribution of income, and (3) macroeconomic stabilization.
Read more about Public Finance: Overview, Public Finance Management, Government Expenditures, Financing of Government Expenditures, Government Finance Statistics and Methodology
Famous quotes containing the words public and/or finance:
“But a public oration is an escapade, a non-committal, an apology, a gag, and not a communication, not a speech, not a man.”
—Ralph Waldo Emerson (1803–1882)
“A bank is a confidence trick. If you put up the right signs, the wizards of finance themselves will come in and ask you to take their money.”
—Christina Stead (1902–1983)