David N. Hyman, Professor of Economics and Alumni Distinguished Undergraduate Professor at North Carolina State
University, has taught both undergraduate and graduate courses in public finance there since 1969. Professor Hyman
received his Ph.D. in Economics from Princeton University. He has held Woodrow Wilson, Earhart, and Ford Foundation
fellowships and was a Fullbright senior research scholar in Italy in 1980. In 1997 he was visiting professor of
economics at the University of Ferrara in Italy. Professor Hyman is a member of the Academy of Outstanding Teachers
at North Carolina State University and received the Alumni Association Outstanding Teacher Award in 1982 and 1996.
He is the author of several widely used textbooks in economics and has published scholarly articles in the National
Tax Journal, Public Choice, the Journal of Economics Education, and other respected academic journals.Professor
Hyman served the President's Council of Economic Advisors as a consultant and as a senior staff economist from
1988-1989. He has also been a guest scholar at the Brookings Institution and has worked as a government budget
analyst and as an economist for the Board of Governers of the Federal Reserve System and the U.S. Comptroller of
the Currency.Professor Hyman is also a photographer whose palladium and platinum prints are in the permanent collection
of the Corcoran Gallery of Art in Washington, D.C. His photographs have been exhibited by galleries and museums
and have been published in art books and on the covers of several novels.
Summary
Public Finance provides learners with a balance of expenditure and tax topics along with the information and
analytical tools to understand major government policy and finance issues. The book has been praised for its clarity,
good organization, and careful explanations of complex issues.
Benefits:
NEW! Chapter 9: New discussion of health problems and issues of extending Medicare to include prescription
drugs.
Internet Resources available at the book's Web site are carefully selected and monitored for updates to enhance
the material covered in the chapter.
Checkpoint: These boxed features (3-4 per chapter) are a series of three questions for students to use to test
their comprehension of materials.
"Public Policy Perspectives and International View": These interesting stories relate to public policies
and U.S. vs. International practices.
"Forward Look": This end of chapter feature integrates one chapter to the next.
NEW! Part 4: All the tax chapters have been updated to reflect changes in tax legislation since the last edition.
NEW! Update on poverty and government subsidy coverages.
NEW! Additional state and local/fiscal federalism coverage.
NEW! When appropriate, each chapter also has a reference to the Economic Policy Debates (EconDebate Online).
This service provides students the opportunity to obtain more information and directly access articles and other
useful material on key policy issues that are covered in the text.
NEW! The text has been updated on expenditure and regulation issues relating to environmental protection, homeland
security and national defense.
NEW! The number of end-of-chapter problems has been increased in this new edition and the objective test bank
available in the instructor's manual has been increased by 50 percent.
Hyman's text is considered the most balanced coverage of basic theory, public choice, expenditure programs,
and the theory and practice of tax policy.
The text gives instructors the flexibility to use it at various levels. The writing style is friendly and supports
students in the learning process, making it appropriate for undergraduate courses. Hyman also introduces rigorous
material to allow for elevated discussion at the graduate level.
