Public Sector Economics Why Governments Exist
This teaching material, "The Economics of the Public Sector" by Joseph E. Stiglitz, is a third edition that addresses the economic analysis of the public sector. The work examines fundamental principles of welfare economics, including market efficiency and market failure.
About Joseph E. Stiglitz
Joseph Eugene Stiglitz (; born February 9, 1943) is an American New Keynesian economist, a public policy analyst, political activist, and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is a former senior vice president and chief economist of the World Bank. He is also a former member and chairman of the U.S. Council of Economic Advisers. He is known for his support for the Georgist public fin...
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