In Modern Public Finance, senior scholars in the field review and synthesize recent theoretical developments in important areas--optimal taxation, public sector dynamics, distribution theory, and club theory, to name a few--which challenge us to understand and improve public policy. Each chapter highlights original research by a recognized leader in the field, relates this work to cumulative developments, and frames important questions for further study.

John M. Quigley is Professor of Economics and Public Policy and Chairman of the Department of Economics at the University of California, Berkeley.

Eugene Smolensky is Professor of Public Policy and Dean of the Graduate School of Public Policy at the University of California, Berkeley.