Editor Vito Tanzi is affiliated with the International Institute of Public Finance, US; Howell H. Zee has affiliations with Xiamen U. (China), Monash U., (Australia), and the International
Monetary Fund (US). In their introductory essay they explain some of the decisions made with regard to creating a compendium of articles pertaining to recent developments (e.g., how to define
"recent"); they then offer summaries and background regarding the 52 previously published articles that made the final cut. Presentation is in two volumes, the first focused on resource
allocation and distribution. Selections address the broad themes of the public sector in a market economy; market imperfections and limits to public intervention; incentives, social choices,
and private provision of public goods; efficiency and distributive implications of public policies; and interjurisdictional policy dimensions. The second volume focuses on stabilization and
growth and contains articles pertaining to deficits, government budget constraint, and inflation; capital mobility, globalization, and interdependence of policy; rules, discretion, and
intertemporal consistency of optimal policies; and growth implications of public policies. Selections are book excerpts and articles from such publications as Journal of Monetary Economics,
Journal of Political Economy, and American Economic Review, among others. The anthology is not indexed. Annotation 穢2011 Book News, Inc., Portland, OR (booknews.com)
