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Public Finance and the Price System is a textbook in public finance with an emphasis on policy analysis. Its broad purpose is to develop an understanding of the economic principles needed to examine the government's role in the economy, particularly those principles useful in a microeconomic analysis of tax and expenditure policies.

"Only in relatively recent years have economists (and other social scientists) begun to study how the political process actually functions (as distinct from how it would function in some nonexistent utopia). The result of this inquiry is the emerging theory of public choice. It has become clear that there is such a thing as "government failure": government's enacting policies that produce inefficient and/or inequitable results as a result of the rational behavior of participants in the political process."

Edgar K. Browning

Edgar K. Browning is Professor of Economics at Texas A&M University and the author of the book, Stealing from Each Other: How the Welfare State Robs Americans of Money and Spirit (Praeger, 2008). He received his Ph.D. in economics from Princeton University.

Professor Browning's articles have appeared in numerous scholarly journals, including the Journal of Public Economics, National Tax Journal, Public Finance Quarterly, American Economic Review, and Journal of Political Economy. His other books include Microeconomic Theory and Applications (with Mark Zupan) and Public Finance and the Price System (with Jacquelene M. Browning).

Jacquelene M. Browning

Professor Jacquelene M. Browning was a distinguished author, an outstanding teacher, and a caring counselor to the faculty and students of the Texas A&M Department of Economics.

The Jacquelene M. Browning Memorial Scholarship has been established by her many friends (both students and faculty).