,ECONOMICS
of the
PUBLIC SECTOR
THIRD EDITION
JOSEPH E. STIGLITZ
M w.w. NORTON & COMPANY
NEW YORK I LONDON
,Copyright© 2000, 1988, 1986 by Joseph E. Stiglitz, the Trustee of Edward Hannaway Stiglitz
Trust, the Trustee of Julia Hannaway Stiglitz Trust and the Trustee of the Trust for the Benefit
of Joseph E. Stiglitz's Children
All rights reserved
Printed in the United States of America
The text of this book is composed in 10/12 New Baskerville with the display set in Frutiger.
Composition by UG/GGS Information Services, Inc.
Manufacturing by The Courier Companies
Book design by Martin Lubin Graphic Design
Editor: Ed Parsons
Associate Managing Editor: Jane Carter
Manufacturing Director: Roy Tedoff
Project Editor: Kate Barry
Editorial Assistant: Mark Henderson
Library of Congress Cataloging-in-Publication Data
Stiglitz, Joseph E.
Economics of the public sector I Joseph E. Stiglitz.-3rd ed.
p. em.
Includes bibliographical references and index.
ISBN 0-393-96651-8
1. Finance, Public-United States. 2. Fiscal policy-United
States. I. Title.
HJ257.2.S84 1999
336.73-dc21 98-34980
W. W. Norton & Company, Inc.
500 Fifth Avenue, New York, N.Y. 10110
www.wwnorton.com
W. W. Norton & Company Ltd.
Castle House, 75176 Wells Street, London W1T 3QT
9 0
, To My First Teachers,
Nat and Charlotte
-; .,_· ·
of the
PUBLIC SECTOR
THIRD EDITION
JOSEPH E. STIGLITZ
M w.w. NORTON & COMPANY
NEW YORK I LONDON
,Copyright© 2000, 1988, 1986 by Joseph E. Stiglitz, the Trustee of Edward Hannaway Stiglitz
Trust, the Trustee of Julia Hannaway Stiglitz Trust and the Trustee of the Trust for the Benefit
of Joseph E. Stiglitz's Children
All rights reserved
Printed in the United States of America
The text of this book is composed in 10/12 New Baskerville with the display set in Frutiger.
Composition by UG/GGS Information Services, Inc.
Manufacturing by The Courier Companies
Book design by Martin Lubin Graphic Design
Editor: Ed Parsons
Associate Managing Editor: Jane Carter
Manufacturing Director: Roy Tedoff
Project Editor: Kate Barry
Editorial Assistant: Mark Henderson
Library of Congress Cataloging-in-Publication Data
Stiglitz, Joseph E.
Economics of the public sector I Joseph E. Stiglitz.-3rd ed.
p. em.
Includes bibliographical references and index.
ISBN 0-393-96651-8
1. Finance, Public-United States. 2. Fiscal policy-United
States. I. Title.
HJ257.2.S84 1999
336.73-dc21 98-34980
W. W. Norton & Company, Inc.
500 Fifth Avenue, New York, N.Y. 10110
www.wwnorton.com
W. W. Norton & Company Ltd.
Castle House, 75176 Wells Street, London W1T 3QT
9 0
, To My First Teachers,
Nat and Charlotte
-; .,_· ·
