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:
“All the satires of the stage should be viewed without discomfort. They are public mirrors, where we are never to admit that we see ourselves; one admits to a fault when one is scandalized by its censure.”
—Molière [Jean Baptiste Poquelin] (1622–1673)
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