ABSTRACT

This title, first published in 1970, provides a comprehensive account of the public finance system in Britain. As well as providing a concise outline of the monetary system as a basis for the realistic understanding of public finance, the author also describes the pattern of government expenditure and revenue in the twentieth-century and goes on to give a detailed account of the taxation system up until April 1969. This title will be of interest to students of monetary economics.

chapter

Terminology

chapter

Introduction

part I|11 pages

The monetary system

chapter 1|9 pages

The nature of money

chapter 2|6 pages

The Bank of England

chapter 3|6 pages

The discount market

chapter 4|15 pages

The commercial banks

chapter 6|11 pages

Monetary expansion and contraction

part II|10 pages

Public finance

chapter 7|8 pages

Introduction to public finance

chapter 11|17 pages

The criterion of ability to pay

chapter 12|17 pages

Personal income taxation

chapter 13|20 pages

Company taxation

chapter 14|8 pages

Value-added tax

chapter 15|8 pages

Wealth

chapter 16|9 pages

chapter 17|20 pages

The national debt

chapter 18|20 pages

Public finance critique

part III|17 pages

Policy

chapter 19|15 pages

Introduction to policy considerations

chapter 20|12 pages

Policy (continued)

chapter 21|13 pages

Monetary and debt policy

chapter 22|4 pages

Conclusions